Britney Spears has just sent a very powerful message to people involved with her conservatorship, it is VOLUNTARY, and she is asking the judge to appoint a financial management company of her choosing to run her estate.
According to new legal documents, obtained by The Blast, Britney Spears is asking the court to appoint Bessemer Trust Company to oversee her finances and control the power of attorney for her medical health decisions and handling of her music career.
But, more shocking, is the revelation that any parts of her conservatorship are “voluntary” and that she is now using her “right” to nominate a person or company, of her choice, to oversee her estate.
“This is a voluntary conservatorship. Conservatee wishes to exercise her right to nominate a conservator of the estate,” the document begins.
In the filing, she makes it clear she does NOT “have a developmental disability” that would stop her from making these decisions.
In the documents, Britney requests that “BESSEMER TRUST COMPANY OF CALIFORNIA, N.A. as conservator of the estate be granted the following independent powers…together with any other currently qualified and acting co-conservator of the estate: The power to operate at the risk of the estate business, farm, or enterprise constituting an asset of the estate.”
The pop star also makes it clear she does not want her father, Jaime Spears, to continue as sole-conservator of her estate.
“Conservatee’s father, JAMES P. SPEARS, is serving alone as conservator of BRITNEY’ s estate. BRITNEY is strongly opposed to her father continuing as the sole conservator of her estate,” the filing states.
It continues, “Rather, without in any way waiving her right to seek termination of this conservatorship in the future, she strongly prefers to have a qualified corporate fiduciary appointed to serve in this role.”
Shockingly, Britney is leaving the door open for a possible ‘termination’ of her conservatorship in general at some time in the future.
Britney’s lawyer, who filed the documents, lays out the specific powers she is asking the court to allow Bessemer to have control over, which are wide-sweeping.
Specifically, she wants the company to have “the power and authorization to pursue opportunities related to professional commitments and activities including but not limited to performing, recording, videos, tours, TV shows, and other similar activities as long as they are approved by the conservator of the person and the Conservatee’s medical team.”
Plus, she is asking for Bessemer to have “the power to revoke all powers of attorney, including powers of attorney for making health care decisions and managing real estate, and to terminate any and all agencies.”
As a financial management company, she is asking they also have power “to obtain all documents and records relating to the Conservatee and her assets, whether held in her name or in the name of another, all contracts, information relating to credit cards, bank statements, estate planning documents, receivables, and any and all powers of attorney.”
As we reported, a huge surge in the #FreeBritney movement has sparked several celebrites like Miley Cyrus, Ariel Winter, and Paris Hilton to publically support the pop star to be released from the conservatorship and removed some of the people involved.
In the documents, she is asking the power “to employ attorneys, accountants, agents, depositories, and employees and to pay the expenses,” also be shifted — which seems to touch on that point.
Britney Spears has a massive fortune which is well north of $60 million and is asking the new company be put in charge of managing her assets.
In the documents, Britney’s lawyer says she currently has $57,396,852.35 in cash, investments, and property.
Shockingly, this amount does not include her intellectual property (i.e the music) because it’s values is too difficult to appraise at this point. “Due to the difficulties in valuing the Conservatee’s Intellectual Property, including, without limitation, trademarks, royalties, copyrights, name and likeness, these assets are not valued at this time,” the document states.
In other words, she is worth TONS more than the $60 million on paper.
As we reported, Britney Spear’s mother Lynne file documents to be more involved in her finances going forward, and we broke the story, sister Jaime Lynn, was made the trustee of her personal trust.
It’s unclear if her family will have any more involvement beyond that, but one thing is clear, she is attempting to take a lot more control over the situation.
The judge in the conservatorship case will make the final decision.