Jamie Lynn is said to have asked the court to allow Fidelity Financial Management to act as financial advisor and to create “escrow accounts” to hold the assets of his 38-year-old sister.
According to The Blast, the “Zoey 101” star will make sure those assets and money will be used for Britney’s two children, Sean and Jayden Federline, should the singer die.
The document states: “Upon the death of the settlor, the entire capital of the trust … will be promptly distributed by the trustee to the trustee or co-trustees of the BJS Kids & Family Trust, to be held, administered and distributed in accordance with its terms. . ”
The “SJB Revocable Trust” would have been created in 2004, four years before the start of its supervision in 2008.
Britney’s trust is in her bank accounts and personal belongings such as clothing, jewelry, artwork and furniture, according to reports. It is not clear whether this also includes the value of any intellectual property, such as music rights, owned by the pop star.
Britney’s father, Jamie Spears, and his co-curator, Andrew Wallet, have approved Jamie Lynn’s request for appointment as a director.
In July, Jamie Lynn slammed a fan who questioned his sister’s sanity.
She wrote on Instagram: “You are not allowed to take responsibility for anything about my sister, and I have NO rights to talk about her health and personal affairs. She is a strong, badass and unstoppable woman, and that is the only thing that is OBVIOUS.
Last week, a judge ruled Britney’s guardianship would be extended for at least six months following the singer’s request to remove her father. Her manager Jodi Montgomery is currently her temporary restaurateur.
Britney’s mother Lynne Spears has also asked to be involved in her daughter’s finances.
A representative for Jamie Lynn did not immediately return our request for comment.