Britney Spears’ sister Jamie Lynn Spears, who just two years ago was elected trustee of Britney’s multimillion-dollar estate, is now looking to gain more control over her sister’s fortune among an increasingly heated battle due to a problematic conservatorship.
What We Know:
- During a court filing last week, Jamie Lynn Spears, 29, stated she was the trustee of Britney’s estate and requested that all the assets of the SJB Revocable Trust be placed into accounts with Fidelity Brokerage Services with herself as the guardian.
- If the filing or request were to be granted, the money would be moved and must have a judge’s OK to withdraw any funds. The trust was set up for Britney Spears’ children in 2004. If anything were to happen to Britney, her sister, Jamie Lynn would be responsible for that money for her nephews Sean and Jayden Federline, the LA Times reported.
- This specific arrangement is generally given to individuals who are not capable in making their own decisions, such as individuals with mental health troubles.
- Although it is not explained, this new development could play an important role in the continuing battle over the singer’s legal guardianship or conservatorship. That conservatorship has been extended to 2021, apparently, after Britney’s lawyer stated in a court this month that she is “strongly against” her father remaining the sole guardian of her financial and personal life.
- For the past decade, Jamie Spears, Britney’s father, and lawyer have controlled her benefits as well as her personal life, including restricting her visitors and communication with doctors about Britney’s care or treatment.
- This battle of guardianship was started or began when Britney started acting somewhat crazy in 2008 after finalizing her divorce from Kevin Federline.
Pop Star Britney Spears has not been able to have full control over her life or business responsibilities due to concerning public displays and it seems her cases tend to complicate over the years while kept hidden in a probate court.
