Britney Spears’ sister takes control of pop star’s assets

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Britney Spears’ sister Jamie Lynn Spears, who was chosen as trustee of the pop superstar’s multi-million dollar estate two years ago, is now seeking more control over the artist’s fortune amid an increasingly heated struggle for a complicated tutelage.During a court filing last week, Jamie Lynn Spears, a 29-year-old former Nickelodeon star, revealed that she was the estate trustee and demanded that all assets of the SJB Revocable Trust be transferred to one or more accounts with Fidelity Brokerage Services with it as custodian.

If approved, the ruling would place Britney Spears’ financial assets in those accounts and require a judge’s approval to delete them. The singer established trust in 2004 to protect the future of her children. A 2018 amendment said that upon her death, the trustee – Jamie Lynn Spears – would administer the family’s assets for her children. Jamie Lynn Spears signed the document last week in Hammond, Louisiana.

The dossier does not explain what role he could play in the ongoing battle over the singer’s long-standing guardianship case – known in other states as legal guardianship. This guardianship was extended until 2021 even after the singer’s lawyer told court this month that she was “strongly opposed” to her father remaining the sole custodian of her personal well-being and financial.

According to Los Angeles County Superior Court records, James “Jamie” Spears, who had broad authority over his daughter’s life since her split in 2008, has sought the reappointment of attorney Andrew M. Wallet. as co-curator of the singer’s person and estate. .

Jamie Spears submitted additional documents to pursue guardianship, including checking a box stating that his 38-year-old daughter is “unable to manage her financial resources or resist fraud or undue influence.”

Wallet has agreed to act as co-curator in the documents. He previously held the post from January 5, 2009, until the court accepted his voluntary resignation on March 4, 2019. At the time, he said the singer would suffer “substantial harm, irreparable harm and immediate danger. If he didn’t quit.

Since then, Jamie Spears has been the sole custodian of her daughter’s estate, but she has recently tried to limit that power.

The “… Baby One More Time” hitmaker hasn’t had full control of her life or affairs since her public tangle, and her case has been complicated over the years when it was mostly covered up in court. approval.

Britney Spears’ attorney filed requested documents with Jodi Montgomery – the supervising temporary and licensed professional restaurateur his case since September – be appointed permanent curator of the artist’s personal affairs. Regarding her succession, the singer strongly objected to her father continuing in that capacity on his own and preferred that a “qualified corporate trustee” be appointed instead.

Britney Spears has said that does not mean she will give up her right to seek to end the entire arrangement. She also said she wanted to stop gambling. In January 2019, she abruptly canceled his residency “Britney: Domination” in Las Vegas before it even started, then went to a mental health facility after revealing her father was ill. She hasn’t performed live since 2018.

Times editor Nardine Saad contributed to this report.

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