The #FreeBritney movement got some interesting updates lately, as it was revealed in new documents that Britney Spears‘ sister Jamie Lynn Spears is named as Trustee of the singer’s fortune. Jamie Lynn’s goal is to put any money into “blocked accounts” that will be reserved for Britney’s children in the event of her death.
This trust is different than the conservatorship that Britney’s father Jamie Spears had controlled for over a decade. He handed over that role to Jodi Montgomery while he was dealing with health issues, but Jamie has recently tried to be reinstated as conservator. Britney has said she is “strongly opposed” to having her father reinstated.
Via Vanity Fair:
In the new documents, Jamie Lynn is requesting that the court approve the appointment of Fidelity Financial Management to serve as investment advisers and to create “blocked accounts” to hold all of her sister’s assets, according to The Blast. Jamie Lynn’s role as a trustee is reportedly meant to ensure that, upon Britney’s death, the entirety of her assets are transferred to the trust and devoted to caring for her children. So it’s unclear if this new request to reallocate her sister’s assets to these blocked accounts is meant to transpire now or at the time of her passing, The Blast notes. The outlet said this is the first time Jamie Lynn’s name has ever been publicly connected to Britney’s conservatorship.
Let’s hope that everyone is working in the best interests of Britney and her children.
Images: © Look Press/Avalon.red (Britney) / Everett/Photoshot (Jamie)