Jimmy Buffett's $275 million family trust becomes a legal battleground

When music legend Jimmy Buffett died in September 2023, he left behind more than a catalogue of hit songs and a business empire built around the Margaritaville brand. As reported by PEOPLE, his reported $275 million trust was intended to provide for his wife of 46 years, Jane Slagsvol, and their three children.

But nearly three years after his death, the arrangements he made have become the subject of a bitter legal dispute. Jane is seeking to remove longtime financial adviser Richard Mozenter as co-trustee, while Buffett's children have taken differing positions on who should manage their father's fortune.Legal battle over managing Jimmy Buffett's wealth after his deathBuffett, best known for songs such as Margaritaville, built a career that extended well beyond music.

His business interests included restaurants, hotels, merchandise and other ventures associated with the Margaritaville brand.