Buzz Aldrin is at war with his own son over access to his bank accounts, and now he is unable to touch his own money until the court makes a decision on who can have the cash.
According to court documents obtained by The Blast, Buzz and his son Andrew Aldrin are battling over control of the famed astronaut’s bank accounts. Morgan Stanley filed court docs in the ongoing battle between Buzz and two of his kids pleading for the court's help. They claim to be receiving conflicting instructions on how to handle Buzz’s money held in two accounts with them.
The accounts are held in Buzz’s trusts and his son previously was the trustee of the trust, before his father filed to revoke it.
Since the lawsuit was filed Morgan Stanley claims to have been given “contrary directions relating to distribution of the Accounts from the attorneys for Buzz Aldrin and the attorneys for Andrew Aldrin, as Trustee, respectively.”
They claim earlier this month Andrew’s lawyer instructed them not to transfer any money out of the accounts. Days later they were contacted by Buzz’s lawyer directing them to transfer money out of the accounts to Buzz Aldrin.
Morgan Stanley says they are ready to transfer the money to whoever but don’t want to send it to the wrong person. They are asking the court to step in and help figure out who will get the cash.
Last year, Buzz sued his kids accusing them of misusing his credit cards and transferring money out of his accounts without permission.
Aldrin claims his son Andrew does not tell him about pending or future business transactions, removed large sums of money from his accounts, and continues to represent him in business and social capacities despite his repeated requests to stop.
Aldrin asked a judge to remove Andrew Aldrin as his trustee and strip him of control of his financial affairs, social media accounts, and several nonprofit and business enterprises.
He also claims his daughter Janice used his credit cards without permission. Buzz alleged that Andrew and his former business manager slandered him by claiming he suffers from dementia and Alzheimer’s. Buzz noted his children filed a petition recently claiming he was suffering from memory loss, delusions, paranoia, and confusion.
They are asking the court to review the records and rely on the reports as evidence in this case. They are asking for Buzz’s lawsuit to be stayed until the outcome of Incapacity Proceedings they filed against their dad.
In October, Buzz’s lawyer even filed documents seeking to drop his client and cease representing him. The case is ongoing.