Jimmy Buffett's Widow Sues in Battle Over $275 Million Estate
A vicious legal battle has erupted over Jimmy Buffett's $275 million estate, with his widow and his accountant filing lawsuits this week seeking to remove each other as co-trustees of a trust containing the 'Margaritaville' singer's sprawling holdings.
The widow, Jane Buffett, is angry with the way her husband's estate has been managed since his death nearly two years ago and has filed a petition seeking to oust her co-trustee, the accountant Richard Mozenter. She complains that the marital trust set up by the singer — who built a musical empire off his laid-back, beach-bum persona and infectious, often self-deprecating country-rock and calypso-inflected songs — is producing far too little income.
Mrs. Buffett asked a judge in Los Angeles Superior Court on Tuesday to appoint an independent third party to replace Mr. Mozenter. Her petition accused Mr. Mozenter of failing to provide her with basic information about the trust's assets and finances, keeping her 'in the dark with regard to the state of her own finances.' The complaint also said that Mr. Mozenter had 'belittled, disrespected and condescended to Mrs. Buffett.'
'As a result, the majority of Mrs. Buffett's net worth is controlled by someone she does not trust, and to whom the trust for her benefit must pay enormous fees — more than $1.7 million in 2024 to him and his firm — no matter how badly he treats her,' the petition said.
Mr. Mozenter filed his own lawsuit in Palm Beach County, Fla., this week, asking the court to remove Ms. Buffett as co-trustee. His suit said that he was a 'trusted financial adviser' to Mr. Buffett for more than 30 years and that he was also the singer's business manager.
He claims that during their partnership, Mr. Buffett expressed concerns about his wife's ability to manage and control his assets after his death. 'Other than serving as a noncontrolling trustee, Jane has no ability to manage the trust,' the lawsuit said. 'This fact has made Jane very angry.'
Want all of The Times? Subscribe.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
19 minutes ago
- Yahoo
VIG Is a Popular Dividend ETF for Passive Income. But Is It the Best?
With a 1.8% yield, the Vanguard Dividend Appreciation ETF isn't the highest-paying dividend ETF. Instead of focusing on stocks with high yields, it focuses on those with extended track records of dividend increases. It could be a great ETF for investors who are more concerned with building their future income streams. 10 stocks we like better than Vanguard Dividend Appreciation ETF › The Vanguard Dividend Appreciation ETF (NYSEMKT: VIG), also commonly referred to simply by its ticker symbol, VIG, is an index fund that holds a portfolio of more than 330 dividend-paying stocks. But with dozens of excellent exchange-traded funds (ETFs) focused on dividend stocks to choose from, is this one the right fit for you? Let's take a closer look at the Vanguard Dividend Appreciation ETF and which types of investors it could be the best dividend stock ETF for. The Vanguard Dividend Appreciation ETF tracks the S&P U.S. Dividend Growers index, which includes only stocks with established track records of raising their dividends every year. Unlike some of the other dividend-focused ETFs offered by Vanguard, stocks don't necessarily need to have above-average dividend yields to be included -- just a dividend growth streak of at least 10 straight years. In part for this reason, the ETF has a 1.8% yield. That's more than you'd get from an S&P 500 index fund, but it isn't close to what most "high dividend" ETFs offer. However, it's important to realize that this ETF isn't about creating a large stream of income immediately. In fact, the index that it tracks excludes the highest-yielding 25% of stocks that would otherwise meet its criteria. Though that might seem counterintuitive, there's a logical reason why: Often, a particularly high dividend yield is the result of a plunging stock price. Given that many noteworthy stock declines are triggered by bad news for the underlying business, and that such troubles can make it harder for a company to pay and raise dividends, foregoing the highest-yielding options in the near term can be a smart strategy for achieving reliable payout growth over the long term. The idea is that this fund holds stocks that will be paying significantly more in dividends 10 years from now, 20 years from now, and so on. Like most Vanguard ETFs, the Dividend Appreciation ETF is a low-cost investment vehicle. It has a rock-bottom 0.05% expense ratio, which means that for every $10,000 in invested assets, your annual fee expense will be just $5. (To be clear, this isn't a fee you have to pay -- it will simply be reflected in the fund's performance over time.) As of the latest update, the Vanguard Dividend Appreciation ETF owned 337 stocks, and it's a weighted index, so some stocks make up significantly more of the portfolio than others. Top holdings include Broadcom, Microsoft, Apple, Eli Lilly, and JPMorgan Chase. One of the most interesting features of this ETF is that because it doesn't require above-average dividend yields, it includes a lot of high-growth companies that many dividend ETFs exclude. For example, Broadcom -- the largest holding in the fund -- has a dividend yield of just 1% at its current share price. However, that tech company has grown its payouts at a double-digit percentage pace and has increased them for 14 consecutive years. Because it has more growth stock exposure than most dividend ETFs, the Vanguard Dividend Appreciation ETF has the potential to deliver stronger total returns. There's no such thing as an ideal dividend ETF for everyone -- that's why there are dozens of them to choose from. The Vanguard Dividend Appreciation ETF could be an especially great choice for investors who want dividend income in their portfolios but are more concerned with how much they'll be getting paid in the future than the current yields of their stocks. In a nutshell, if you're 70 years old and relying on your portfolio for income today, or if you're preparing to retire within the next few years, the Vanguard Dividend Appreciation ETF might not be a great fit for you. On the other hand, if you're still a decade or more away from retirement, it could be an excellent ETF to help you build an income stream for the future without sacrificing growth potential. Before you buy stock in Vanguard Dividend Appreciation ETF, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Vanguard Dividend Appreciation ETF wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $713,547!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $966,931!* Now, it's worth noting Stock Advisor's total average return is 1,062% — a market-crushing outperformance compared to 177% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 23, 2025 JPMorgan Chase is an advertising partner of Motley Fool Money. Matt Frankel has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Apple, JPMorgan Chase, Microsoft, and Vanguard Dividend Appreciation ETF. The Motley Fool recommends Broadcom and recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy. VIG Is a Popular Dividend ETF for Passive Income. But Is It the Best? was originally published by The Motley Fool Sign in to access your portfolio
Yahoo
23 minutes ago
- Yahoo
I'm a Bridal Makeup Artist—5 Trustworthy Drugstore Staples I Use on My Clients' Big Day
When you buy through links on our articles, Future and its syndication partners may earn a commission. Welcome to Drugstore Heroes, a monthly series in which we spotlight the often-overlooked and underhyped drugstore beauty products that industry experts count on. We're asking tastemakers, from editors to content creators and even celebs, to share their top recommendations for affordable yet effective products. Get ready to see the best of drugstore beauty, period. For many people, their wedding day is one of the, if not the, most important and high-stakes beauty moments of their lives. When else do you throw a massive celebration that takes months or sometimes years to plan? When else is an event attended by every important person in your life? When else are you *that* photographed? It's not the time for flaking, smudging, feathering, or any other makeup meltdown. Whether you're working with a professional makeup artist or doing it yourself (yes, it's possible), it's important to use only fail-safe and long-lasting products. You know, the ones that will withstand sweating, teary eyes, high-res photos… You name it. Surprisingly, some of the best wedding-proof makeup products can be found at the drugstore. Yes, really. Brielle Pollara, a celebrity, editorial, and bridal makeup artist, is proof of that. Below, she shares the five most reliable and budget-friendly wedding makeup products in her pro kit. How often do you use drugstore makeup products on your celebrity and/or bridal clients? I use drugstore products more often than people may think. Although in my kit there are a lot of high-end staples, there are some drugstore products that I swear by, especially for complexion and lips. It all really depends on what products can perform best under lights, cameras, and all-day wear. Regardless of the price tag, if something is tried-and-true, I'll use it. What would you say to someone who thinks drugstore makeup products can't perform as well as luxury ones, especially when it comes to a big day like one's wedding? I would tell them that price doesn't always equal performance. There are drugstore products that easily outperform some luxury ones. For a big day like a wedding, it's more about how the product wears on the skin and photographs than the branding on the bottle or the price tag. If it's in my kit, it's because I've tested it thoroughly and it works, not just because it's expensive. Any tips or tricks for finding good drugstore makeup products? There are so many options! My biggest tip would be to swatch and research. Look at reviews from MUAs on TikTok or Instagram for professional insight, not just influencers. Also, pay attention to what works best on your skin type. It's important to always test wear at home before relying on a product for a big event to avoid surprises. Don't sleep on dupes either! Some drugstore brands will formulate their products just like high-end ones. A lot of drugstore lines have great quality; you just need to know where to look. "This liner is a staple in my personal and professional makeup kit! It lasts all day, is waterproof, and is so easy to use! My most used shades are black and brown." View Deal "This has been one of my go-to lipsticks for the last 10 years! It looks amazing on almost all skin tones and has an amazing shine to it. I always pair this with a brown lip liner for the perfect nude lip." View Deal "This lipstick has a matte finish but is also very hydrating and never leaves your lips looking or feeling dry. This is the perfect nude lipstick for medium skin tones because of its peachy undertone, and for $11, it's a steal." View Deal "I [used] this mascara every day for years. The fan-effect brush gives your lashes length and volume, and it's a creamy formula, so it never leaves your lashes looking chunky. I use the shade Blackest Black, and sometimes, I use Brown Black for a softer look." View Deal "I love L.A. Girl's Shockwave Liners. They have a creamy formula and glide on effortlessly but last for hours. Gingerbread is a warm nude lip liner and pairs great with almost every shade of lipstick. Plus, it's only $6." View Deal Pollara's five wedding-proof makeup products cost $51. Talk about budget-friendly beauty for your big day.
Fox News
23 minutes ago
- Fox News
Iran's leadership is ‘worried' about its future, UC Berkeley professor says
All times eastern Fox Business in Depth: Red, White and Blue Collar/Dagen McDowell Maria Bartiromo's Wall Street FOX News Radio Live Channel Coverage
