How Britney’s Younger Sister Jamie Lynn is Making Moves to Get More Control of the Singer’s Assets
Britney Spears has built a $59 million fortune for herself after decades of working as a singer and performer. However, she hasn’t had full control over her hard-earned wealth in about 12 years since she was subjected to a legal conservatorship in 2008.
Now, her younger sister Jamie Lynn Spears is seeking to have more control over a portion of that same fortune.
Fight for Control
s_bukley/Deposit Photos: Jamie Lynn followed her sister’s footsteps as a child star
Jamie Lynn’s recent move comes two years after she was named as a trustee in her older sister’s SJB Revocable Trust.
Now, the 29-year-old former Nickelodeon star is filing to become the trust fund’s primary custodian by moving the funds into a different account. This change would still require the approval of a judge before the money can be moved.
The trust was initially created in 2004 to benefit Britney’s two sons with ex-husband Kevin Federline. If Jamie Lynn’s request is approved, she would be left in charge of the fund should something to the 38-year-old singer.
Meanwhile, Jamie Lynn and Britney’s father, Jamie Spears, is petitioning to become the sole conservator of the pop star’s assets. He notably stepped down from the same role in 2019 due to health issues.
What Britney Wants
PopularImages/Deposit Photos: Britney was put under conservatorship after she suffered from a series of mental breakdowns in the late 2000s
Britney, however, seems to be determined to stop her father from assuming his previous role. According to a source, the ‘Circus’ singer eventually wants the conservatorship to end in the future but she’s now focused on preventing her father from taking control again.
The mother of two reportedly wants someone who would be more respectful, considerate, and can treat her like an adult. She also prefers that the new person in charge is someone that isn’t a family member.
Under the conservatorship, the pop princess lost control over her own financial and personal decisions. This arrangement gave the power to arrange business deals and oversight over her health to her father Jamie.
Fortune in Question
s_bukley/Deposit Photos: Britney has continued to work even while under conservatorship and was even a judge on the American ‘X Factor’
It’s also worth noting that Britney’s net worth may have been underestimated by most publications. Although her wealth is widely reported to be around $59 million, give or take a couple of millions, some speculate that her fortune is much closer to $115 million.
This estimate accounts for the financial assets that were placed in trust before Britney was put under conservatorship.
Her peak net worth reportedly reached $200 million at the height of her musical career. That fortune dwindled over the years thanks to the various legal battles she was involved in.
More in Celeb Justice
-
These are the Soft Skills You Need to Develop to Succeed in these High-Paying JobsTechnical skills would get your foot in the door but it might be non-technical skills, also known as soft skills, that...
March 5, 2021 -
Markle’s Privacy Trial Against Associated Newspaper Delayed Until Fall 2021Imagine waking up one day to find that extracts of your private conversation were being paraded around on the media. You...
February 23, 2021 -
Talking on Mobile While Driving to Be Criminalized in the UKNowadays, phones have become a part of our daily lives. Some might even call them a necessity next to food and...
February 17, 2021 -
Here’s How You Can Avoid a Personal Financial Crisis During The PandemicWhen will the world go back to the way it was? When will things start getting normal again? What do we do...
February 14, 2021 -
Looking For Money Saving Tips? Savers Reveal Tips That Changed Their LivesFiguring out how to save extra money is one of the biggest challenges we face as adults. While small bills might seem insignificant,...
February 7, 2021 -
101 Guide For First Time Tax FilersDoing anything for the first time can be intimidating, and it’s especially true when it comes to important financial actions like...
January 27, 2021 -
Stolen Laptop? This WEIRD Method Can Protect Your DataLosing your laptop or having it stolen can be quite miserable. Not only will you experience a financial setback that will...
January 21, 2021 -
Details of Toyota’s Hefty Fine Over Clean Air Act ViolationsSometimes, even the greatest of minds can make the silliest of mistakes. But such mistakes can cost a bomb, especially when...
January 20, 2021 -
Are You a Fresh Grad with No Work Experience? Here’s How You Can Build an Impressive ResumeA lot of job positions require some sort of experience for candidates to be considered. This is bad news for many...
January 13, 2021
More From Lawyers Favorite
-
UncategorizedMira la fortuna que tienen los famosos españoles
Los artistas españoles no destacan solo por su talento y participaciones en grandes producciones, también están en la boca de todos...
May 7, 2021 -
UncategorizedGenitori e figli: ecco i bambini delle celebrità che amiamo e stanno crescendo, come sono diventati e cosa fanno adesso.
Sophia Loren ed Edoardo Ponti Sophia Loren e Carlo Ponti hanno avuto una delle più splendide storie d’amore della storia del...
May 7, 2021 -
UncategorizedEstas son las parejas mexicanas más queridas del ambiente
Luis Miguel y Mercedes El famoso actor y cantante Luis Miguel es una de las figuras mexicanas con mayor fama internacional....
May 3, 2021 -
Law DegreeHere’s How You Can Secure a Job Right After CollegeMany people attend college to have the edge over their peers in a super-competitive job market. Still, fresh graduates usually spend time doing...
May 3, 2021 -
Law DegreeLaw Students Are Using Crazy Tactics to Stay up All Night And It’s Taking a Toll on Their HealthIf you are studying law right now, chances are, you are committed to the profession, and rightfully so, since you’re in it...
April 23, 2021