Britney Spears’ sister, Jamie Lynn, has made some moves we didn't see coming.
The 29-year-old filed a court document last week revealing that she’s been trustee of her older sister’s estate for the past two years. Jamie Lynn asked that all “assets of the SJB Revocable Trust be moved into one or more accounts with Fidelity Brokerage Services with her as the custodian,” reports the LA Times.
According to the Times, the move would mean all Britney’s financial assets would be in those accounts, and would require a judge's approval to remove them. "The singer established the trust in 2004 to protect her children’s future," the Times wrote. In 2018, it was reportedly ruled that should Britney pass away, Jamie Lynn would administer the family’s assets for Sean Preston and Jayden James Federline.
It’s not clear why Jamie Lynn wants to move the funds out of the trust, or what the filing means for Britney’s current conservatorship saga.
Earlier in the week, Britney, 38, had requested her temporary conservator, Jodi Montgomery, take on the role permanently – rather than have duties given back to her dad, Jamie Spears, who stepped down in September 2019, citing “personal health reasons”. Documents filed by Britney’s lawyer Samuel Ingham stated the 38-year-old singer was “strongly opposed” to having Jamie Spears return as sole conservator.
For context, Britney experienced mental health problems in 2007, which resulted in her dad and attorney Andrew Wallet being granted full responsibility of her affairs and finances. Normally these orders are temporarily enforced, but the conservatorship remains in place today – 12 years on. Wallet retired from his role last year, and, six months later, Jamie temporarily stepped down too, leaving experienced conservator Jodi Montgomery with the gig. The judge ended up ruling to keep things as-is until February 2021.
Whether or not Britney is being exploited has been the topic of much conversation as the #FreeBritney movement wages on. Paris Hilton even weighed in this week: “It breaks my heart that people have so much control over her,” she told The Sunday Times. “It’s not fair to be an adult and be treated like a child. I can’t imagine having to live my life like that.”
We'll keep you across updates as they happen. As of now, Britney's conservatorship is extended until February 2021.
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