Home Entertainment Britney Spears: That's what happens to her fortune when she dies

Britney Spears: That’s what happens to her fortune when she dies

Author

Date

Category

Britney Spears has been banned from making decisions about her life after a breakdown for over 12 years. Her father, James Jamie Spears, continues to be her legal guardian.

Administrator for two years

29-year-old actress Jamie Lynn Spears, best known as the pop princess’s younger sister, will have responsibility for putting the singer’s fortune into a fund that will benefit her sons if Britney dies.

From court documents available to “Entertainment Tonight,” it is apparent that Jamie Lynn has been the administrator of Britney’s property since 2018.

Britney Spears: That’s what happens to her fortune when she dies

That’s what happens to the money when Britney dies.

It was then that Britney‘s sister was allowed to be installed by father Jamie Spears and co-conservator Andrew Wallet. In the event of Britney’s premature death, Jamie Lynn will ensure that 14-year-old Sean Preston and 13-year-old Jayden James are financially supported.

The documents read: “The complete trust fund is hereby said to be immediately paid to the administrator of BJS Kids & Family Trust so that it can be distributed, kept and given according to the specific requirements.”

Her father is not supposed to be a guardian.

It only recently became clear that the pop princess herself does not want her father to be used as the only legal guardian.

New court documents filed by Britney’s court-appointed attorney have indicated that the singer “strongly prefers” Jodi Montgomery to keep her position as guardian rather than her father Jamie Spears being the sole administrator her property. TMZ reports that Britney would prefer a “qualified corporate trustee” to lead.

So it goes on

Until next year, the singer has to hold her patience. As announced and decided in the virtual hearing on August 19, Jamie Spears will have the complete legal guardianship until 1st February 2021.

For more updates on Celebrity Gossips and Celebrity Lives, keep following us! Happy Reading!

Read more: The Suicide Squad: Star John Cena Opened Up About His Character Of Peacemaker

 

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Recent posts

The Best Lakers Games in 2020

The chances are high that you have noticed that this year can be described as a whole "blown mind" in all possible spheres of...

After Divorce, Libbie Mugrabi decides to launch a new accessories line made in old Libby’s factory in Hawaii

The new divorcee, 41 years old Libbie Mugrabi has been busy building her own world in this ongoing pandemic. The actress gained the spotlight...

New Spider-Man 3 Set Pictures Disclosed Tom Holland’s Latest Spider-Man Suit

Recently, new set photos of Spider-Man: Homecoming 3 has surfaced on the internet. Haven’t watched Tom Holland's MCU Peter Parker new Spider-Man suit yet?...

Dark Knight Star, Ben Affleck, and Ana de Armas break up after dating for a year!

According to a news report, American director and actor Ben Affleck and Ana de Armas have separated their ways after dating for almost a...

Former Mistress of Tiger Woods, Rachel Uchitel, is studying for the LSAT

The former mistress of Tiger Woods recently shared that she wants to start a new chapter, and now, it seems like she has already...

Sports

“Bayern Munich – A Lethal Force” All about their stunning performance This Season

0
Beating Paris Saint – Germain by 1-0 in Lisbon, Bayern Munich becomes the sixth time winner of the UEFA Champions League. They have returned...

DOM SIBLEY AND BEN STOKES SCORED TEST CENTURIES AGAINST WEST INDIES IN THE SECOND...

0
Test series between England and West Indies have been started and from the beginning, it is gaining the interest of viewers and fans. In...
Pizza Manager Calls Foul play in Jordan’s Game.

Pizza Manager Calls Foul play in Jordan’s Game.

0
As more and more details emerge on Michael Jordan's famous flu game, the more it gets murkier. Now here is the pizza delivery place,...
The Best Lakers Games in 2020

The Best Lakers Games in 2020

0
The chances are high that you have noticed that this year can be described as a whole "blown mind" in all possible spheres of...

After Divorce, Libbie Mugrabi decides to launch a new accessories line made in old...

0
The new divorcee, 41 years old Libbie Mugrabi has been busy building her own world in this ongoing pandemic. The actress gained the spotlight...

New Spider-Man 3 Set Pictures Disclosed Tom Holland’s Latest Spider-Man Suit

0
Recently, new set photos of Spider-Man: Homecoming 3 has surfaced on the internet. Haven’t watched Tom Holland's MCU Peter Parker new Spider-Man suit yet?...

Dark Knight Star, Ben Affleck, and Ana de Armas break up after dating for...

0
According to a news report, American director and actor Ben Affleck and Ana de Armas have separated their ways after dating for almost a...

Former Mistress of Tiger Woods, Rachel Uchitel, is studying for the LSAT

0
The former mistress of Tiger Woods recently shared that she wants to start a new chapter, and now, it seems like she has already...