Britney Spears’ younger sister Jamie Lynn Spears took a step last week to protect the pop star’s assets.
Jamie Lynn, the trustee of Britney’s estate, is asking a court to approve the transfer of Britney’s financial assets into accounts managed by Fidelity Brokerage Services.
Britney created the SJB Revocable Trust in 2004 with herself as sole beneficiary. In 2018, she amended it so that if she dies, Jamie Lynn would administer the estate for Britney’s sons Sean and Jayden.
It is not clear from the filing if Jamie Lynn is seeking to move the assets to the brokerage company now or upon her sister’s death.
The rather mundane filing made headlines this week because of fans' obsession with Britney’s business affairs.
In 2008, a court appointed Britney’s father Jamie Spears and lawyer Andrew Wallet as her co-conservators following the “Toxic” singer’s mental health breakdown. Wallet resigned last year and was replaced by Jodi Montgomery, an independent professional conservator.
Britney recently sought to remove her father from the conservatorship and give Montgomery sole control – but a court extended the arrangement to February 2021. A hearing is scheduled for Sept. 16 to decide whether Wallet should be re-appointed as co-conservator.
According to documents, Jamie believes his daughter is still “substantially unable to manage … her financial resources or to resist fraud or undue influence.”
In January 2019, Spears announced she was taking “an indefinite work hiatus” to focus on caring for her father, who underwent surgery for a ruptured colon.
This past March, the singer's son Jayden Federline said during an Instagram Live he didn't know if his mother will make music again. “I remember one time I asked her, I said, ‘Mom, what happened to your music?’ and she was like, ‘I don't know, honey. I think I might just quit it.’ I'm like, ‘What? What are you saying? Like, do you know how much bank you make off of that stuff?’”
Spears hasn't released a studio album since 2016's Glory and hasn't performed since her Piece of Me Tour ended in October 2018.