[where's_the_Outrage?]

Knives seem to come out to get chunks of the estate.

It appears Jimmy wanted his wife to basically get everything but put a blocker to stop her for blowing it all. But the blocker seems to be taking full advantage of their position.

[Ann Archy]

This guy sounds like a SWINDLER!

[Red Badger]

He’s a lawyer so, par for the course.

I’ll side with her on this one.................

[HYPOCRACY]

I thought he was worth more than that. Still a nice sized estate for a guy who had one top 10 song.

[Twotone]

Acting in her own interest? You betcha!

I wouldn’t put an extra person to manage a trust unless my beneficiary was in some way disabled & unable to handle it.

[AppyPappy]

Jimmy was a huge Democrat. It figures that he would create this monster after he was gone.

[Hatteras]

The nerve of her acting in her own interest!

[Dr. Franklin]

Someone needs to open a buffet in Key West and call it “Jimmy’s Buffet”. How fast would the Buffett estate sue them?

[KingLudd]

I once escorted Jimmy Buffett out of a venue in Washington and he asked me to carry his cased guitar. We chatted for a couple of minutes while we walked. That was pretty cool.

[Opinionated Blowhard]

“”In every big transaction,” said Leech, “there is a magic moment during which a man has surrendered a treasure, and during which the man who is due to receive it has not yet done so. An alert lawyer will make that moment his own, possessing the treasure for a magic microsecond, taking a little of it, passing it on. If the man who is to receive the treasure is unused to wealth, has an inferiority complex and shapeless feelings of guilt, as most people do, the lawyer can often take as much as half the bundle, and still receive the recipient’s blubbering thanks.””

— God Bless You, Mr. Rosewater

[PGR88]

Buffett did all the right things - except in understanding people, and their relationships.

And that’s always the hardest part

[montag813]

Mozenter said that during his lifetime, Jimmy "repeatedly expressed his concerns regarding Jane's ability to manage and control his assets" and was "very careful to create the trust in a manner that precluded Jane from having actual control over the trust." He added, "This fact has made Jane very angry."

Totally reasonable. This bird had nothing to do with the creation and growth of these huge assets, and should have no right to ultimately control them, if that was his wish. Of course she's mad. Who cares?

[af_vet_1981]

The 1.7 million in fees is a small percentage of the principal, 275 million, which seems reasonable given the amount of legal work implied. It also seems to me that she, or someone close to her, wants total control and use of the money which apparently is not how her husband set up the trust. Imagine how many leftist causes she could fund.

From Wiki:

Buffett was a supporter of the Democratic Party. He sang in Florida for the Bill Clinton 1992 presidential campaign and again for Bill Clinton in the White House in August 2000.[167] Buffett hosted fundraisers for Democratic politicians, including one for Obama in 2008, several for Hillary Clinton in 2016.[168] In 2018, Buffett hosted a concert to support Gwen Graham, daughter of Bob Graham, in the Democratic primary of the 2018 Florida gubernatorial election.[132] In November 2018, he hosted a rally for Florida Democratic candidates Andrew Gillum and Bill Nelson in West Palm Beach, Florida, changing the lyrics of some of his songs to disparage the policies of Rick Scott and Donald Trump. The rally faced some backlash from conservative fans.[169][170]

Buffett was raised Catholic, although he did not practice the religion later in life.[30]

[bk1000]

How will she get by without access to the entire $275M? /s
Apparently Buffet realized she was a spendthrift and tried to protect his estate.

[Bernard]

1.7 million per year to manage a 275 million estate? Sounds like a reasonable number. Perhaps the folks on this thread who have estates in that range can compare that fee to what they pay.

[plain talk]

This co-trustee Richard Mozenter is an accountant who had been Buffett’s business manager for 30 years. Obviously Jimmy trusted him for decades.

But now it’s Jane estate to manage and she will likely prevail in this suit and should be able to select whomever she wants to manage it.

[Ronaldus Magnus III]

$275 million

That is a lot of cheeseburgers.

https://m.youtube.com/watch?v=dmDBBu3CTOA

[Kid Shelleen]

>> put a blocker to stop her for blowing it all <<

I agree with your assesment but it seems to me that with such a big estate he could have willed a part of it directly to his children.

[ladyjane]

It appears Jimmy wanted his wife to basically get everything but put a blocker to stop her for blowing it all.

There are many reasons to put assets in a trust or trusts, taxation being one of them. Unless you've read the trust document it's silly to jump to a conclusion like that.

[IYAS9YAS]

You would think that the leftist would have left his estate to the government.

[Wilderness Conservative]

Big lib vs big lib. Who cares? Jimmy was one of the biggest limo libs ever.