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singer Jimmy BuffettCNBC
•Business
Business & Economics
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".
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