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Jamie Lynn Spears’ $ 1 million Florida property was paid for by Britney Spears, although she claimed she never took a dime from her sister, it has been claimed.
The 30-year-old actress claimed earlier this month that she had not benefited from the singer’s tutelage and reported a fortune of $ 60 million.
However, The Sun reports that Jamie Lynn’s lavish condominium in Destin, Florida was purchased through a trust Britney, 39, has owned since 2000 and had been managed in part by their father Jamie when he took over her daughter’s financial affairs as a conservative.
According to the report, the Destin condo and LLC are listed as Britney’s properties in the 2009 trusteeship records, although Jamie Lynn previously suggested the house was his.
Jamie Lynn Spears’ $ 1 million Florida property was paid for by Britney Spears, although she claimed she never took a dime from her sister, it was claimed; Britney and Jamie Lynn pictured in 2017
In a 2015 tweet recently surfaced by Britney’s fan account Swat Team for BJS Jamie Lynn boasted, “We have a condo in Destin, Florida and this is the best getaway. “
Jamie Lynn also referred to the condo during an interview with CMT in 2016, admitting to the outlet that it “hosted[s] everyone in our condo ‘and that’s where she wrote her hit Sleepover.
She continued, “We are fortunate to have a great condo. It can accommodate ten people. We all have lunch together, I’m planning a big dinner, and we have a space at the beach. And when we write, there’s no pressure and no timeline, so the songs sort of fall. It’s hard to call it work.
According to The Sun, there are no properties “listed for or owned by Jamie Lynn” in Florida.
Tuesday’s findings call into question Jamie Lynn’s earlier denials about whether or not she took advantage of her older sister amid her controversial tutelage.
Contradictory: According to the report, the Destin condo and LLC are listed as Britney’s properties in the 2009 trusteeship records, although Jamie Lynn previously suggested the house was his; Jamie Lynn pictured
In early July, Jamie Lynn shared a headline from DailyMail.com in her Instagram story, stating that she appeared to be the “only family member NOT on the payroll.”
“The facts…” she captioned the post, agreeing with the report. ‘Now leave my bro ** alone.’
It came after The New York Times revealed in June that Britney and Jamie Lynn’s father, Jamie Spears, was making $ 16,000 a month for being his daughter’s finance co-curator, plus $ 2,000 a month for the rent of an office.
Britney’s mother Lynne, 66, and brother Bryan, 44, are also on the payroll, although it has not been reported how much they make with the singer’s estate from Toxic.
Jamie Lynn was the only member of Britney’s immediate family who did not appear to be benefiting from the guardianship.
Don’t Add: In early July, Jamie Lynn shared a headline from DailyMail.com in her Instagram Story, stating that she appeared to be the “only family member NOT on the payroll”
No Financial Interest: Jamie Lynn is still the administrator of Britney’s multi-million dollar trust, which will be paid to her children after Britney’s death; seen together in 2003
The financial benefits for her family have reportedly created tensions between the pop star and her family in recent years.
“Jamie, Lynne and Spears ‘brother Bryan all spent years on Spears’ payroll and as friends who spoke to her at the time recall, she was growing increasingly irritated by their efforts. to influence it, ”the New Yorker reported on Saturday. .
Even though she doesn’t benefit directly from her sister’s guardianship, Jamie Lynn is still embroiled in her financial affairs.
In August 2020, it was revealed that Jamie Lynn had been appointed trustee of Britney’s multi-million dollar trust in 2018.
Explosive: Britney recently unleashed her fury against Jamie Lynn, as well as her father Jamie, in a fiery Instagram post, which was shared on the platform on Friday; Britney seen in 2019
According to The Blast, Britney created the trust in 2004 “to protect her vast wealth and secure the financial future of her children.”
Hitmaker Stronger will be the sole beneficiary of the trust while he is alive, but upon his death Jamie will take care of distributing the funds to his children Sean, 15, and Jayden, 14.
In court documents from August 2020, Jamie Lynn requested that all of the trust’s assets be transferred to “one or more accounts with Fidelity Brokerage Services with it as a custodian,” the Los Angeles Times reported.
Britney recently unleashed her fury against Jamie Lynn, as well as her father Jamie, in a fiery Instagram post, which was shared on the platform on Friday.
She began the post by reaffirming that she would no longer perform at her Las Vegas residence while her father was in charge of her guardianship.
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Hurt: “I don’t like my sister showing up at an awards ceremony and performing MY SONGS on remixes !!!!! She admitted in the mail. “My so-called support system has hurt me deeply !!! ”