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Artist News Legal
Britney Spears’ sister moves to take control of children’s trust fund
By Andy Malt | Published on Friday 28 August 2020
Britney Spears’ sister Jamie Lynn filed a court order earlier this month seeking greater control over her older sibling’s finances.
Jamie Lynn Spears has been a trustee of Britney’s estate for the last two years. She is now requesting that monies stored in a trust fund set up for Britney’s children be moved into a new account or accounts, with her as their custodian, according to the LA Times. Court approval would still be required for any funds to be subsequently drawn from those accounts.
It’s not clear how this move is linked to the ongoing legal battle over Britney’s conservatorship, if at all. Last week, the singer attempted to block her father, Jamie Spears, from being reappointed as her legal guardian, placing him back in charge of her personal and financial affairs. Having fulfilled that role since 2008, he voluntarily and temporarily stood down last year due to health issues.
Following a closed hearing, the judge overseeing the situation extended the current conservatorship until February next year. Her father has been seeking to return to his former position, but Britney has said that she would prefer a “qualified corporate fiduciary” to hold the role – requesting that Jodi Montgomery, who filled in after her father stood down, remain in place on a more permanent basis.
