Former Nickelodeon star Jamie Lynn Spears served as a director of the pop superstarthe multi-million dollar estate for two years.
But the 29-year-old is asking that assets currently stored in a trust fund set up for Britney’s children be moved to accounts with Fidelity Brokerage Services – with her as custodian – according to court documents viewed by the Los Angeles. Times.
Britney created the SJB Revocable Trust in 2004 to protect the future of her sons, Sean, 14, and Jayden, 13.
They have been living with her ex-husband, Kevin Federline, since he was granted sole custody in 2008, when Britney received frequent visits.
If the court’s request is granted, it will mean that a judge will have to approve any withdrawal of funds.
In the event of Britney’s death, Jamie Lynn would administer the family assets for her children, according to a 2018 amendment, which has now been signed by Jamie Lynn.
The news comes amid an increasingly controversial context battle for strict control of his father during the singer’s life.
Documents filed by the star’s court-appointed attorney earlier this month show that she asked that her father not be re-appointed as a Tory, which gave her the power to control almost all aspects of Britney’s life and career.
Although Britney was “firmly opposed” to her father being the sole custodian of her personal and financial decisions, the guardianship was extended until February 2021.
Fans staged a protest outside a Los Angeles court last week – as supporters used the hashtag #FreeBritney on social media – many believing the singer had been forced to cede financial control.
Jamie Spears temporarily stepped down as his daughter’s curator last year due to health concerns.
Britney was placed in her father’s care in 2008 amid mental health issues, but has consistently fought against order.
During the first 11 years of the Guardianship, his father was a co-curator with attorney Andrew M Wallet, who resigned in 2019, automatically giving Jamie Spears sole control over his life.
Mr Spears reportedly told the court that Britney was “unable to manage her financial resources or resist fraud or undue influence”.
Britney has requested that a licensed professional be appointed as the permanent curator of her affairs.
She says that doesn’t mean she would give up her right to ask for the whole arrangement to end.
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Court documents also indicated that Britney would not be performing anytime soon.
She hasn’t performed live since 2018, when she abruptly canceled her Britney: Domination residency in Las Vegas and checked into a mental health facility.
Sky News has reached out to Jamie Lynn Spears for comment.