A wealth management firm that was appointed to handle Britney Spears’ finances along with her father is resigning following the pop star’s explosive comments poking fun at the tutelage that has controlled her life for more than a decade.
In a document filed Thursday in Los Angeles County Superior Court, Bessemer Trust asked to step down as co-curator of Spears’ estate amid the 39-year-old singer’s objections to the legal arrangement. Last week, Spears asked a judge in a moving public hearing to end the court-mandated guardianship, saying she believed it was “abusive” and prevented her from living a life. very busy.
Bessemer Trust is the first Tory to ask to step down after the singer made her public plea.
“The petitioner has listened to the curator and respects her wishes,” the document reads.
News of the filing was first reported by The New York Times. Time’ Coaching Britney Spears The documentary, released in February, questioned the control his father, Jamie Spears, continued to exercise over his financial and physical well-being, given his return to a successful musical career. The film also sparked a re-examination of how Spears was treated by the media before and during his public break-up.
In November 2020, Judge Brenda Penny appointed Bessemer Trust, a private company that manages more than $ 100 billion in assets, as co-custodian of the Spears estate. But it wasn’t until Wednesday that Penny officially filed documents to do so.
In Thursday’s filing, lawyers for Bessemer Trust said the company had not yet received any papers authorizing it to act as a curator, had received no assets and had not taken any fees because they had requested immediate approval of the resignation.
The document said the company was resigning “due to changed circumstances” raised by Spears’ comments last week.
“In initially consenting to his appointment, the petitioner relied on the parties’ statements that the current guardianship was voluntary and that all parties, including the registrar, had consented to the petitioner acting as co – custodian of the estate, “the document says. “Following the Conservative’s testimony at the June 23 hearing, however, the petitioner learned that the Conservative opposes the continuation of her trusteeship and wishes to end the trusteeship.”
The withdrawal from the company, which has yet to be approved by the court, comes days after Spears’ father Jamie, the singer’s other finance co-curator, filed court documents expressing concerns about “the management and care “for his 39 years. – old girl. In the documents, he denied any involvement in Spears’ personal care and medical treatment and asked the court to investigate the allegations she made last week.
“Either the allegations will prove to be true, in which case corrective action will have to be taken, or they will prove to be false, in which case the guardianship can continue its course,” indicate documents filed by a lawyer for Jamie Spears. .
The June 23 hearing marked the first time Britney Spears has publicly addressed the court about her guardianship. During her statement, the singer made a series of shocking revelations, including that she had to take drugs that made her drunk and that she was not allowed to go to the doctor to remove her IUD so that she can have another baby.
Spears’ comments reinvigorated her fans who rallied around the pop star under the hashtag #FreeBritney for years. They said her statement confirmed what they had long believed to be true, but also showed her situation was even worse than they thought.
“I think at this point we can comfortably say this is abuse objectively,” Tess Barker, podcast co-host Britney’s Gram, told BuzzFeed News after the hearing.
A petition to end the guardianship has yet to be filed, according to court records online.