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[quote=Anonymous]Can someone explain this trust like I am in kindergarten?

How can the advisor refuse to share any trust details with Jimmy's spouse (almost 50 years from when he was in college) and co trustee?

How can he try to remove her from the trust?

Isn't the person who managed the trust required to give the other trustee along with the beneficiaries a detailed annual or quarterly accounting of the trust?

According to this article:

"... The trust had stipulated that the bulk of Buffett’s assets would pass to Slagsvol’s marital trust that she co-administers with an independent party..."

How can the finiancial advisor refuse to folllw the trust's stipulation that the majority of the assets be transferred into her separate trust?

https://www.usmagazine.com/celebrity-news/news/what-to-know-about-jimmy-buffetts-estate-drama-after-his-death/

Jimmy was declared a billionaire in 2023 right before he died.  Yet 2 years later, his trust is only worth 275 million, with even that amount suspect because the person managing the trust refuses to share what is left in the trust.

Is it possible that the trustee has drained the trust into his personal accounts?  I thought trusts were supposed to prevent this from happening.

How likely is she to prevail?

Is this cut and dry given the trust allegedly stating that the trust was to transfer into her separate trust upon his death?

Will the other trustee manage to drain the entire tfust before she is successful?

I am ignorant on trusts, but a huge Jimmy Buffet fan.  I admire him and his wife for staying married from college through fame to old age.  She isn't a late to the game gold digger or trophy wife.  From my uneducated point of view, the trustee seems very sketchy, like he has something to hide wth regards to Jimmy's finances.  I really hope she quickly prevails.

I hope all her judges are parrotheads :)[/quote]

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