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Irish Examiner
3 days ago
- Sport
- Irish Examiner
Warning shot for 2026: Club World Cup's brutal heat exposes a World Cup risk
In the 31 years since the United States last hosted the men's World Cup, a few things remain unchanged. Recent politics notwithstanding, the US population is diverse and air travel is relatively easy, so international games tend to attract supporters no matter where they live. As long as ticket prices are reasonable, a good crowd is a good bet. Also, it still gets really hot in the summer. This, of course, is not news. It was a major subplot of the 1994 World Cup, it will be a major subplot of the 2026 edition — which the US will co-host with Canada and Mexico as the climate crisis makes heatwaves more likely — and it's a major subplot of the Club World Cup this summer. The 19th-century Englishmen who wrote the first official Laws of the Game probably didn't anticipate the brutal heat that players often have to endure in a US summer, but everyone else should. Some rules of basic mathematics and climate are incontrovertible. A southern US venue plus a midday start time equals 22 players broiling in the sun, and it's odd that Fifa, in charge of the Club World Cup and next year's World Cup, does not appear to have foreseen that playing in blistering heat isn't much fun. So who benefits from this scheduling and heat? And who appears to worry about it the most? The answer to both questions: Europe. Games aren't starting at noon and 3pm local time on weekdays for the benefit of fans in the US. Those games land neatly in the evening for European viewers. Yes, Fifa could schedule more games to start at 9pm local time when temperatures are much cooler, but that's well past midnight in Europe, which makes fans, broadcasters and sponsors less happy. But European teams aren't quite as happy about those earlier kick-offs. Consider Chelsea, who cut short their training session in the run-up to their game against Espérance. They're not the first European squad to come to the east coast and notice, in the words of Jimmy Buffett, changes in latitude and changes in attitude. Philadelphia is 10 degrees closer to the equator than London — and Philly is one of the more northerly venues in this summer's Club World Cup. It is, in the organizers' defense, not usually this hot in Philadelphia or New York, and the one hot game in Pasadena was an aberration. Still, temperatures in the mid-30sC/mid-90sF are hardly unusual in Orlando or Charlotte. (Nor are they unusual in Atlanta, but teams assigned to play there are breathing comfortably in the air conditioning under the dome of Mercedes-Benz Stadium.) And even with cool Seattle in the mix, the median temperature through Monday's games was 81F (27C), with a median heat index of 87F (31C) and the dewpoint at a muggy 68F. This suggests European teams will have a problem with temperatures this summer and at next year's World Cup; that Chelsea were at a disadvantage against the Tunisian champions even before they kicked off. And that's the reason why teams from Brazil, where the state leagues play in the southern hemisphere's summer, have impressed so far in this tournament. Perhaps that could be a function of the long-held stereotype that Latin America plays possession football to conserve energy in the heat while Europeans run around like maniacs, afraid that they'll freeze if they stand still too long. Botafogo are among the Brazilian clubs who have thrived at the Club World Cup. Picture:But the limited data from major tournaments in the US doesn't support the notion that European teams are doomed to wilt in a North American summer. Seven of the eight quarter-finalists at USA 1994 were from Europe. Sweden helped themselves to a 3-1 win at high noon in Dallas against Saudi Arabia, a team, one would presume, who would cope a little better in the heat. Romania and Switzerland advanced from group play at the expense of a heralded side from Colombia. In all, 10 of the 13 European teams advanced to the knockout stage in 1994, while only two of the four South American teams made it out of the group stage. Concacaf, featuring the host USA and nearest neighbor Mexico, advanced both of its teams. Asia and Africa combined to have two of their five teams advance. That performance by Europe's best was an improvement from four years earlier on their home continent. In Italy, all four South American sides reached the knockout stage, along with Costa Rica and Cameroon. Eventual finalists Argentina were the only South American team in the quarter-finals, but Cameroon joined them. In group play, Scotland and Sweden found themselves eliminated by Brazil (expectedly) and Costa Rica (unexpectedly). These games, along with the decidedly mixed results in Qatar in 2022, aren't a particularly convincing sample size. And we have very little to go on for club games, aside from the pre-season friendlies in which European clubs sleepwalk their way through steamy matches that rake in money from US fans drawn to the stadiums by celebrity and cosplay. This Club World Cup has seen a handful of notable upsets, but they don't seem attributable to the weather. Inter Miami beat Porto indoors in Atlanta. Botafogo stunned Paris Saint-Germain on a mild night in Pasadena, also the site of the Mexican side Monterrey's draw against Italy's Inter. Auckland City drew with Boca Juniors, but, if anything, it's the Argentinians who are more used to the heat. That leaves us with Chelsea, who lost to the Brazilian side Flamengo in warm Philadelphia. But is that a function of the weather, Flamengo being better than was first thought, or Chelsea not giving this tournament the same sense of urgency as their opponents? The heat also isn't hindering attendance, or teams' offensive power. PSG's four-goal outburst took place in the best-attended match, with more than 80,000 fans nearly filling the Rose Bowl in the one unusually hot Pasadena game. More than 70,000 fans gathered in Charlotte to see Real Madrid dispatch Pachuca 3-1 despite a temperature in the mid-90s fahrenheit. Plotting all of the games' scores, attendance figures and reported temperatures shows little to no correlation — if anything, attendance and scoring have gone slightly up as the temperature rises. It appears people turn up to watch good matches, and stay away from bad matches, no matter what the temperature. But it would be stupid to deny playing in extreme heat can be dangerous. At last year's Copa América, hosted by the US, an assistant referee collapsed during a match played in suffocating heat in Kansas City. Heat also limits players' ability to play full-throttle football. One vivid example was the 2008 Olympic men's soccer final, played at midday in the cauldron of Beijing's Bird's Nest so that the stadium would be cleared in time for the evening's track and field events. Temperatures in the heat-trapping venue soared well above 100F (38C), and players were granted hydration breaks, common today but novel at the time. The lone goal was assisted by one Lionel Messi, playing alongside his current Inter Miami manager, Javier Mascherano, which perhaps bodes well for Inter's chances in the knockout rounds. The scorer was Ángel Di María, who got another game with a heat index in the mid-100s on Tuesday in Charlotte with Benfica. At some point, southern heat overcomes southern hospitality, and organizers can surely do better with scheduling. Why play a game at 3pm local time in Charlotte? Surely Fifa can work with US organizers at next year's World Cup to make sure that afternoon games are played in cities such as Seattle, San Francisco or Vancouver (although the climate crisis means even those cities endure their share of sweltering days). And yet, after Benfica took a shock 1-0 lead against Bayern in the blistering heat Tuesday in Charlotte, both teams could be seen pressing far into the opposition half. Today's elite players can, mostly, endure harsh conditions. But that doesn't mean Fifa should keep requiring them to do so when alternative schedules exist. — The Guardian Read More Liam Delap opens Chelsea account in Club World Cup win over Espérance
Yahoo
19-06-2025
- Business
- Yahoo
What Average Homeowners Can Learn About Family Trusts by Following Jimmy Buffett's $274 Million Estate Battle
The ongoing litigation surrounding Jimmy Buffett's $275 million estate is underscoring how, even with a carefully established will and trust, issues can still arise. CNBC reported that Buffett's widow, Jane, recently filed a petition 'to remove her co-trustee, Richard Mozenter, from the marital trust created to support her after the singer's death in 2023.' Jane Buffett is alleging that the co-trustee is 'mismanaging the trust and not acting in her best interests, including allegedly withholding financial information from the family,' according to the New York Post. Meanwhile, Mozenter also filed a lawsuit against Buffett's widow, alleging she had been 'completely uncooperative,' according to CNBC. While not everyone has Buffett's fortune, this legal battle matters to everyday homeowners. In a recent report, Cerulli Associates found that the so-called 'Great Wealth Transfer' will amount to an astonishing $105 trillion being transferred to heirs by 2048; and with trillions in assets set to transfer from boomers to their heirs in the coming decades, these high-profile cases offer essential lessons in estate planning, family communication, and legal clarity. 'The legal battle over Jimmy Buffett's estate is a master class in why estate planning is as much about managing family dynamics as it is about managing assets,' says Jake Howell, a California estate planning attorney and founder of Howell Estate Planning. He adds that while the $275 million figure is staggering, the underlying issues are universal. 'For the average American family, whose primary asset is their home, the lessons are arguably even more critical because there is far less room for error. A dispute can easily consume a family's entire inheritance,' Howell adds. Monique D. Hayes, partner with DGIM Law, echoes the sentiment, noting that for many Americans, the bulk of their wealth is represented by equity in their primary residence (homestead). 'To the extent families intend to transfer that wealth to the next generation, it's important to do so in a way that minimizes taxes, the need for probate, and internal disputes,' she says. 'High-profile cases often highlight the consequences of the failure to plan and implement a strategy to preserve wealth.' Buffett's estate battle reportedly centers on the fact that the two co-trustees are not seeing eye to eye and are petitioning to have each other removed as co-trustees. CNBC reported that Buffett's will directs 'his assets be placed in a marital trust for Jane.' Their three children are 'so-called remainder beneficiaries of the marital trust, which means they will receive any remaining assets left after Jane's death.' The late singer also appointed a co-trustee, Mozenter, who was his accountant. Now, Mrs. Buffett's complaint alleges that the majority of her 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,' according to the petition. Meanwhile, Mozenter alleges in his lawsuit that he was a 'trusted financial adviser' to Buffett for several decades, and that the singer had 'expressed concerns about his wife's ability to manage and control his assets after his death,' per The New York Times. Steve Sexton, CEO of Sexton Advisory Group, notes that this case highlights the importance of clear communication in family trusts, regardless of an estate's size. 'Despite planning and having the right estate planning structures in place, it seems Buffett's wife, Jane Buffett, and Richard Mozenter, co-trustee of the estate, did not see eye to eye on details of the trust, leading to bad blood and a lengthy litigation process between the two,' says Sexton. He notes that while we don't know whether Buffett attempted to mitigate these issues before his passing, the key takeaway is that it's essential to communicate the details of your trust to your loved ones and ensure they're aware of any co-trustees and their roles in advance. 'Failing to execute on this critical step can result in drawn-out arguments, litigation, and unforeseen expenses years after you pass,' he says, adding that the case also highlights the importance of choosing the right trustee. Despite the legal battle, Buffett did several things right when planning his trust. Ana Mineva, co-founder of DGLegacy, an AI-driven digital legacy planning and inheritance app, explains that when one of the partners is not financially proficient, the high earner typically sets up a trust or family trust to protect their assets and loved ones. She adds that Buffett did exactly what he should have done: He made an estate plan, he used a family trust to shield assets from probate, and he named trustees to ensure long-term management. 'These are solid, basic steps that everyone—regardless of wealth—should consider. A family trust can be incredibly effective, especially for homeowners, if the assets are properly titled, trustees are selected wisely, and beneficiaries understand the setup,' Mineva says. And, as Sexton notes, most people think all they need to ensure a smooth transfer of wealth is a will but do not realize that their estate will still go through the probate process without a trust. He says Buffett also likely had his family's privacy top of mind; since wills can become public record during the probate process, trusts can offer more privacy and flexibility overall. Despite having taken these steps, Buffett's estate planning still went wrong. The widow lacked transparency and awareness about the assets under the family trust, which raised questions and uncertainty, says Mineva. As for the other co-trustee, he appears to have refused to share key financial information about the grantor's estate and has not collaborated efficiently with the beneficiary and co-trustee. 'This led to litigation and emotional strain for the family,' Mineva adds. 'Unfortunately, this appears to be common—even when perfectly drafted legal documents are in place.' Fortunately, steps can be taken to avoid these issues, she says: Selecting trustees who are competent, empathetic, and trusted by the beneficiaries Avoiding co-trustee deadlocks by defining clear roles or adding neutral tie-breakers Implementing digital legacy planning and inheritance solutions that ensure beneficiaries are informed about the assets in the family trust without requiring difficult, emotional conversations during life Maintaining a regularly updated inventory of assets, accessible at the right time 'The high level of trust placed in the trustee—and limited confidence in the surviving partner's financial literacy—may have laid the foundation for challenges in managing the trust,' Mineva says. Fortunately, there are several ways for people to anticipate these issues and avoid litigation. As Howell explains, the twin pillars of a successful plan are clarity and transparency, and when a well-funded estate plan ends up in litigation, it's almost always due to a failure in two key areas: clarity in the legal document and transparency with the family. 'The Buffett case appears to be a textbook example of this breakdown,' he says. This, as Howell puts it, is the 'legal pillar.' Clarity is about the precision of the trust document itself: It must be an unambiguous instruction manual for your trustee. When it's not, disputes are inevitable, he says. In addition, he notes that a primary source of conflict is the tension between an income beneficiary (often a surviving spouse who receives income like dividends or rent) and remainder beneficiaries (often children who inherit the core assets later). 'Their interests are diametrically opposed. Maximizing income for one can mean depleting the growth of the inheritance for the other. Without crystal-clear instructions from the trust's creator, the trustee is caught in a family tug-of-war,' he says. Finally, be aware of vague language. Phrases like 'distribute assets fairly' or 'provide for my spouse's comfort' are invitations for a lawsuit, Howell says. 'Each beneficiary will interpret that language to their own advantage. The plan must be radically specific about who gets what, when, and how,' he adds. This is the 'human pillar,' and it's about communication, according to Howell. For instance, a legally perfect document is useless if it's a secret that explodes on a grieving family—when heirs are unaware of the plan's contents, the reading of the trust can feel like a shocking verdict. 'This is often where good intentions fail, because good planning requires having difficult conversations we'd rather avoid,' Howell says. The solution is a family meeting: You don't need to share every financial detail, but you must explain the what and the why of your decisions, he adds. Another critical mistake is the 'co-trustee trap.' While this may seem 'fair' in your own life, especially to avoid choosing between children, it is one of the most common and disastrous mistakes in estate planning, Howell says. 'Co-trustees must typically act unanimously,' he explains. 'If they disagree on a decision—whether to sell the family home, how to invest funds, or how much to distribute—the entire estate is paralyzed.' He recommends appointing a single, trustworthy, and capable trustee. Then, name at least one or two successors in case your first choice cannot serve. And for any situation with complex assets or tense family dynamics, a neutral professional trustee is the safest and often wisest choice, he adds. Finally, Howell says that a family trust is not merely a financial instrument; it is the final message you leave your loved ones. The battle over Buffett's estate teaches us that for this message to be received, it must be clear in its content and transparent in its delivery. 'We have all learned in our lives that avoiding a difficult conversation today only creates a bigger problem tomorrow. Estate planning is no different,' he says. 'The ultimate lesson here is that embracing that conversation—no matter how uncomfortable—is the only way to ensure your legacy is one of peace, not one of painful, protracted conflict.' New Homes Are Flying Off the Shelves in These 4 Metros—Defying the National Trend of Sluggish Sales Mapped: States Most at Risk for Hurricane Damage 7 Bedrooms Is the New 4 for Luxury Living in New England Suburbs
Daily Mail
07-06-2025
- Business
- Daily Mail
The six most affordable US beach towns for homebuyers in 2025
'Beach home' is a term that most would equate with unaffordability. But, there are a number of under-the-radar spots where ocean side homes are considered affordable. From the shores of Mississippi to the cool waters of the Pacific Northwest, these are the best-value beach towns in America for 2025. A dozen US beach towns still offer median home prices well below the national average — with some starting as low as $165,000, reports All of the median sale prices are as of April 2025. 1. Pascagoula, Mississippi The number one budget-friendly seaside escape this year is Pascagoula, Mississippi, where the median list price is $165,610. A two-bedroom home just blocks from Buffett Beach — named after the late singer Jimmy Buffett, who was born here — is listed at $139,900. The city even named its main public beach after the 'Margaritaville' singer, and hosted him in 2015 for a concert and bridge dedication. In addition to Buffet Beach and Buffet Bridge, Pascagoula features plenty of other attractions including a public fishing pier and a nine-hole regulation golf course. Known as 'Mississippi's Flagship City,' this Gulf Coast town has the Pascagoula Country Club, Petit Bois Island, and the famed La Pointe-Krebs House. A short ride away is Petit Bois Island, a federally protected wilderness area. 'Pascagoula has made a concerted effort to revive its downtown district over the last decade. We're seeing the payoff at work,' says local realtor Jacqueline Ready. 'There are gorgeous waterfront and water-view homes, both historic and new build. The ancient oaks are just stunning, rivaling Savannah. It's absolutely a success story.' 2. Deerfield Beach, Florida The second most affordable town is Deerfield Beach, Florida, where the median list price is $211,000. Just north of Fort Lauderdale, Deerfield Beach gives its 87,000 residents easy access to an award-winning 'Blue Wave' beach and a massive fishing pier. A two-bedroom condo minutes from the surf is currently listed at $214,900. The famed Florida Renaissance Festival takes place here annually. The coastal location boasts a wide range of water sports and activities, and is also home to an impressive fishing pier, boardwalk and arboretum. There is also Deerfield Island Park, a county-run nature refuge accessible only by free boat rides from the mainland, available every weekend. The town ranked well primarily due to the city's abundance of moderately priced condos. 3. Atlantic City, New Jersey New Jersey's shores made the list, with Atlantic City coming in at number three. It's not all smoky casinos and gambling — Atlantic City is also one of the most affordable spots to buy a beachfront home on the East Coast with an average home price of $242,000. One brand-new two-bedroom condo is listed for $235,000, steps from the city's iconic wooden boardwalk and public beaches. Flanked by the city's boardwalk, the beach is among the region's best in the summer, and often plays venue to concerts and other gatherings year-round. The city's famous footpath is also filled with dining and shopping options — making it a crown jewel of the Jersey Shore. 4. Port Richey, Florida Port Richey, Florida, is number four, with a median list price of $255,000. With just 3,500 residents, this suburb of Tampa offers low property taxes, affordable homes (like a two-bedroom home for $254,900), and proximity to parks and nature preserves. Filled with marinas, docks and parks, there's shopping, golfing and waterfront restaurants. The town's historic Main Street gives it a small town feel. Johnny Cash owned a home in the town until 2002. 5. Port Lavaca, Texas Port Lavaca, Texas, is number five with an average home price of $292,000. Halfway along the Texas Gulf Coast, Port Lavaca draws nature lovers and bird watchers thanks to its location along a major migratory bird flight path. A waterfront, fully furnished, four-bedroom house is currently listed for $324,000. History lovers can visit the La Salle Monument or Halfmoon Reef Lighthouse, while others relax at Magnolia Beach or enjoy the parks. Port Lacava, Texas is filled with natural wildlife and white sandy beaches 6. Myrtle Beach, South Carolina The median list price of a home in Myrtle Beach is $299,000. Myrtle Beach has an abundance of affordable condos and cottages. A two-bedroom cottage near the beach is on the market for $299,950. Set in the midst of an uninterrupted 60-mile stretch of beaches, the town also offers an abundance of amusements like Ripley's Aquarium, the Hollywood Wax Museum, and a 187-foot tall Ferris wheel known as the SkyWheel. Myrtle Beach also boasts a board walk, one that offers impressive views of this scenic segment of South Carolina's Grand Strand. More affordable beach towns across the US 7. Ocean Springs, MS – $302,500 8. Corpus Christi, TX – $310,000 9. Surfside Beach, SC – $310,925 10. Long Beach, WA – $403,188 11. Ocean Shores, WA – $409,900 12. Ocean City, MD – $454,500 (Median list price in April 2025) Meanwhile, elsewhere across the US, people are ditching their vacation homes at a rapid rate. Fresh fears of a housing market crash — and a shrinking pool of renters — are making sellers uneasy. The number of people buying second homes has plunged to its lowest level since records began, and is under a third of what it was during the pandemic boom. A toxic mix of sky-high mortgage rates, soaring maintenance costs, and a widespread return-to-office push is fueling the trend. In 2024, just 86,604 mortgages were issued for second homes across the United States. That's a 5 percent drop from the year before and down dramatically from 258,289 in 2021. At the height of the pandemic, remote workers who could afford it were fleeing big cities in droves and buying up homes in sunny spots like Florida and California. Those days are over. Vacation homes (second homes) made up just 2.6 percent of all US mortgages last year, according to Redfin. That's half what it was in 2020. Redfin began keeping records in 2018, when there were 175,644 second home mortgages in the US. They rose after that steadily until 2021 and have been falling since. 'Most people aren't buying vacation homes at all because mortgage rates and insurance costs — especially for waterfront properties — have skyrocketed,' said Lindsay Garcia, a Redfin Premier agent in Fort Lauderdale.
Fox News
06-06-2025
- Business
- Fox News
Jimmy Buffett's $275M estate becomes center of heated inheritance dispute
The fight over Jimmy Buffett's estate has sparked a massive legal battle. His widow has filed a petition to have co-trustee Richard Mozenter, who manages the late musician's estate, removed for failing to act in her "best interests" with the marital trust that was "created for her benefit." Jane Buffett, who married the singer in 1977, made the legal filing in Los Angeles Superior Court on Tuesday, alleging that Mozenter, also a co-trustee of the marital trust set up for her, has been "openly hostile and adversarial" toward her and worked against her, according to the legal filing obtained by Fox News Digital. "Mr. Mozenter has failed to perform even the most basic tasks required of him in his role as co-trustee, including providing Mrs. Buffett with information concerning Trust assets and finances, which has left Mrs. Buffett in the dark with regard to the state of her own finances," the filing said. "Along the way, Mr. Mozenter has belittled, disrespected, and condescended to Mrs. Buffett in response to her reasonable requests for information she undoubtedly was entitled to receive. 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." Mozenter has filed his own petition in Florida to have her removed as co-trustee and representative of the estate, according to The Hollywood Reporter. Fox News Digital has reached out to Mozenter for comment. Jimmy Buffett died in 2023 following a battle with cancer, leaving a $275 million estate. Jane's filing claims that one month after the musician's death, she reached out to Mozenter to find out how much she would be expected to receive from the trust going forward. "Rather than help his recently-widowed client understand her finances, Mr. Mozenter spent the next 16 months stonewalling and making excuses for why he could not yet provide the requested information," the filing said. In February, Mozenter finally gave Jane an estimate that the marital trust would generate less than $2 million in net income annually, a rate of return of less than 1%, according to the filing. Mozenter "acknowledged that, over the prior 18 months, Margaritaville—a company of which the Trust owns roughly 20%—had paid distributions of approximately $14 million, but he decided against including any estimate of future distributions from Margaritaville in his analysis of the Marital Trust's future income." The filing stated that Mozenter told Jane that Margaritaville "continues to evaluate future business opportunities and how they deploy existing liquid assets." He told her, based on that analysis, that the trust would not cover her annual expenses, saying she could consider making "adjustments" or selling her own real estate to make up the difference, the filing claims. "If the Marital Trust truly earns such a low return consistent with the financials Mr. Mozenter presented, it will confirm that Mr. Mozenter is either not competent to administer the Trust or unwilling to act in Mrs. Buffett's best interests," Jane's filing claimed. Buffett landed on the Forbes billionaires list for the first time in 2023 for an empire that, along with his music, included his "Margaritaville" island escapism brand sparked by his hit 1977 song. As chair of Margarita Holdings LLC — in which Buffett held a 28% stake — he had resorts, restaurants, casinos, cruises and merchandise. Following their marriage in 1977, Buffett and Jane welcomed three children together, including Savannah, 46, Delaney, 33, and Cameron, who was born in 1994 and adopted by Buffett and Jane.
New York Times
05-06-2025
- Business
- New York Times
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.
