Jamie Lynn Spears Is Now The Trustee Of Britney Spears’ Fortune
Out of context, this news sounds like a Zoey 101 reboot, in which an all-grown-up Zoey Brooks learns that she’s been assigned the job as a money manager for her long-lost popstar sister, and is forced to take night school classes in Accounting 101. In reality, it’s kind of the same, except Jamie Lynn Spears is well aware of Britney Spears and the management mess she’s been dealing with.
Britney Spears’ 12-year-long conservatorship is up for reassessment, and we recently learned that she wants her current temporary conservator, Jodi Montgomery, to remain on as her conservator, and that she doesn’t want her dad, Jamie Spears, slithering back into his former position. For the past year, Jamie has been controlling Britney’s estate. Britney’s attorney asked a judge to assign a dedicated corporate financial person to oversee her estate management, while Jamie was reportedly asking that judge to bring back attorney Andrew Wallet, Britney’s former co-conservator.
Jamie’s actions made it seem as though he wanted out of the money management gig, and back to what he was doing before, which was pulling all the strings in Britney’s life (much to the continued chagrin of the #FreeBritney movement). The Blast claims to have an update on the situation, and they think there’s a very strong hint that it will be Jamie Lynn’s job.
According to documents recently filed by Jamie Spears, 29-year-old Jamie Lynn was named as the trustee for the SJB Revocable Trust back in 2018, which was a trust set up by 38-year-old Britney in 2004 to protect her fortune and her sons’ future. The trust was amended back in 2018 by Jamie and Andrew Wallet, who were in charge of things at the time. According to the trust, it’s Jamie Lynn’s job to deal with Britney’s money, should she pass away. Essentially, Jamie Lynn would inherit everything. Money. Property. Special Collector’s Edition bottles of Curious by Britney Spears. Of course, she’s legally agreed to distribute everything into that trust, which will then be distributed accordingly (like, to her sons, Sean Preston and Jayden James).
Also, Jamie recently filed a document, asking the court to approve the appointment of Fidelity Financial Management to create something called, “blocked accounts,” which will basically hold all of Britney’s assets, and serve as financial advisors.
This comes about a month after Britney’s mom Lynne Spears filed a request to be looped into the conversation regarding Britney’s financial decisions. Lynne and Jamie Lynn are very close, and Jamie Lynn has repeatedly stepped up to publicly defend her sister’s honor.
Even though The Blast seems to think that Jamie Lynn will be first in line to take over control of Britney’s money situation, there is a chance her control will be limited to just that trust. Jamie Lynn has two kids, and a job on Netflix’s Sweet Magnolias. So, she’s busy. And does Jamie Lynn even know how to manage a massive multi-million dollar estate? Irrelevant! All that matters is that good things happen when Jamie Lynn assists her sister. And yes I’m basing this solely on her appearance on Britney’s 2013 track, “Chillin’ With You.” Look, even though Jamie Lynn could, she never tries to out-sing her older sister’s autotuned baby voice, and that’s real support.
Pic: Instagram