Financial firm wants out of Britney Spears conservatorship case | Inquirer Entertainment
Close  

Financial firm wants out of Britney Spears conservatorship case

/ 07:48 AM July 02, 2021

LOS ANGELES  – Bessemer Trust, a wealth management firm that had been tapped as co-conservator of Britney Spears’ estate, on Thursday asked a Los Angeles court to withdraw from the case after the pop superstar’s testimony that she opposed the arrangement.

ADVERTISEMENT

Spears, 39, told the court last week that she felt the legal arrangement put in place in 2008 was abusive. The “Stronger” singer said she had been forced to take the drug lithium against her will and had been prevented from marrying and removing a contraceptive device so she could try to have a baby.

Last year, Bessemer Trust had been approved by Los Angeles Superior Court Judge Brenda Penny to be added as co-conservator of Spears’ financial assets of around $60 million alongside her father, Jamie Spears.

FEATURED STORIES

The financial firm said it had not taken any steps regarding Spears’ assets, or received any fees, because it was awaiting additional court documents that authorized it to act. Those filings were made on Wednesday.

In a petition to the court on Thursday, Bessemer Trust asked the judge to approve its resignation from the case, citing “changed circumstances” including “the fact that the Conservatee claimed irreparable harm to her interests.”

Last year, Britney Spears began the legal process of trying to remove her father, Jamie Spears, from any role in her business affairs. The judge has rejected that request.

Jamie Spears was appointed as a conservator of his daughter’s affairs in 2008 after she was hospitalized for psychiatric treatment.

The conservatorship has been the subject of a vocal campaign by fans with the #FreeBritney social media hashtag.

gsg

The hottest entertainment news straight to your inbox

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.
Read Next
Don't miss out on the latest news and information.

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: Britney Soears, conservatorship, father
For feedback, complaints, or inquiries, contact us.

Subscribe to our entertainment news

By providing an email address. I agree to the Terms of Use and
acknowledge that I have read the Privacy Policy.



© Copyright 1997-2022 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.