Britney Spears' Sister Jamie Lynn Named As Pop Star's Trustee Since 2018
KEY POINTS
- Court documents showed that Britney Spears' sister, Jamie Lynn, was named as her trustee when her Trust was ammended in 2018
- Britney wants to drop her dad Jamie Spears from her conservatorship
- ACLU is willing to help Britney if she wants to end the conservatorship
Britney Spears' sister Jamie Lynn was named as her trustee and the latter is entitled to receive her entire trust when she dies.
Us Weekly obtained documents stating that Britney's trust was amended in 2018 to have her sister, Jamie Lynn, as her "trustee." The document was signed off by the pop princess' co-conservators Andrew Wallet and their dad, Jamie Spears.
Based on the papers, Britney is the "sole beneficiary" of the SJB Trust, which she set up in 2004, four years before her conservatorship, to ensure her children's financial future and her fortune. But when Britney dies, her trustee, Jamie Lynn, will receive everything in her Trust.
"Upon the settlor’s death, the entire principal of the Trust … shall 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 court documents read.
Meanwhile, Jamie Lynn has requested the court to authorize Fidelity Financial Management to serve as a financial advisor and create "blocked accounts" to Britney's assets and ensure that it will be used for her two children, Sean and Jayden Federline, when the singer passes away, Page Six reported.
Britney is in the middle of a conservatorship battle after she requested to drop her dad, Jamie, as her conservator. The “Baby One More Time” singer wants her longtime care manager Jodi Montgomery to be her permanent conservator instead.
Montgomery was appointed as Britney’s temporary conservator in September 2019. However, her court appointment expired on Aug. 22.
"Britney is strongly opposed to having [Jamie] return as conservator of her person. Rather, she strongly prefers to have Ms. Montgomery continue in that role as she has done for nearly a year. ... Britney would like Ms. Montgomery's appointment as conservator of her person to be made permanent,” Britney’s recent filing read.
Britney also wished to drop her dad from being the sole conservator of her estate. The pop star wants a qualified corporate fiduciary to be appointed for the role.
"We are now at a point where the conservatorship must be changed substantially in order to reflect the major changes in her current lifestyle and her stated wishes," the document added.
Meanwhile, American Civil Liberties Union (ACLU) offered its support to Britney. The organization is willing to help her out if the she wants to end the conservatorship and have control over her entire estate and finances.
"If Britney Spears wants to regain her civil liberties and get out of her conservatorship, we are here to help her," the ACLU wrote on Twitter.
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