A legal dispute has emerged over the $275 million estate of the late singer Jimmy Buffett. Jane Buffett, his widow, has petitioned the court to replace her co-trustee, accusing him of mistreatment and failing to provide her with essential information about the trust’s assets and finances. This case underscores the broader risks and increasing litigation surrounding family trusts and the management of substantial inherited wealth. Separately, reports highlight growing concerns about financial scams, including a Georgia couple losing $800,000 from their retirement fund in a cryptocurrency scam and consumers collectively losing $5.7 billion to investment scams last year, according to the Federal Trade Commission.
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A court battle over the late singer Jimmy Buffett's $275 million estate has highlighted the growing litigation over the trillions of dollars in wealth being passed down to spouses and families, experts say. https://t.co/Qk6CapOnZk