Buzz Aldrin’s son tries to stop dad from moving assets

Mike Schneider
Associated Press

ORLANDO – Buzz Aldrin’s son is trying to stop his father from transferring assets in the latest battle between the Apollo 11 moonwalker and two of his children over whether he is capable of managing his affairs.

Andrew Aldrin’s lawyer sent a letter last month to an associate in Morgan Stanley’s private wealth management division with instructions not to transfer any assets in two financial accounts in a trust of which Andrew Aldrin is a trustee. Buzz Aldrin, 89, has tried to terminate the trust and wants the assets distributed to him.

Astronaut Buzz Aldrin, member of the first landing mission to reach the moon, lives in Satellite Beach.

The letter from Andrew Aldrin’s lawyer warns Morgan Stanley that the son, acting as trustee, will seek damages if his instructions aren’t followed.

“Please govern yourself accordingly,” the letter said.

Morgan Stanley asked a Florida court last week to decide if it should follow the instructions of Buzz Aldrin or his son. It doesn’t list the accounts’ value.

“Morgan Stanley cannot pay out or distribute the proceeds of the accounts without incurring conflicting claims to such proceeds by the parties in the instant action, including but not limited to Buzz Aldrin and Andrew Aldrin,” the financial firm said in a court filing.

The request by Morgan Stanley was made in a filing for a lawsuit between Buzz Aldrin and two of his three children.

Aldrin’s children claim he has memory loss and delusions. He has countersued, accusing them and a manager of mismanagement.