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Battle over Jimmy Buffett's $275 million estate highlights risks of family trusts

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Summary
Nutrition label

84% Informative

A court battle is brewing over Jimmy Buffett's $275 million estate.

The late singer's widow, Jane Buffett , and the co-trustee of the estate, Richard Mozenter , have filed lawsuits against one another.

Jane Buffett alleged Mozenter is collecting "excessive fees" of $1.7 million a year.

Mozenter has filed his own lawsuit in Palm Beach County , Florida , alleging that Jane has been "completely uncooperative".

Buffett could have made Jane the sole beneficiary as well as the sole trustee.

He chose to have Mozenter as co-trustee to help manage and direct the trust.

Mozenter said that during his lifetime, Jimmy "repeatedly expressed his concerns regarding Jane 's ability to manage and control his assets".

VR Score

91

Informative language

92

Neutral language

83

Article tone

informal

Language

English

Language complexity

46

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

Source diversity

1

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