According to legal documents, Jamie Lynn, 29, was appointed as the trustee of SJB Revocable Trust Fund with the consent of Britney Spears' father Jamie and trustee Andrew two years ago. Britney Spears, 38, is the sole beneficiary of the trust, but newly discovered documents show that SJB can cancel the trust plan if the singer dies.
The document also shows that Jamie Lynn has asked the court to approve Fidelity Financial Management Company as her investment adviser, but the investment adviser can create a "frozen account" to keep the singer's assets.
It is unclear when Jamie Lynn will transfer these assets to the frozen account mentioned above, whether before or after Britney Spears' death. However, they did elaborate on Britney Spears' financial situation after the death of the property grantor.
The full text of the document is as follows: "After the death of the property grantor, all the principal of the trust, including all the accused, undistributed and unrealized income, and the life insurance or other assets of the property grantor that should be paid to the trust due to the death of the property grantor, the trustee shall timely distribute them to the trustee or * * * co-trustee of BJS Children and Family Trust according to its terms. Simply put, this means that if Britney dies, her sister will properly transfer Britney's assets and cash to a trust fund set up to take care of the children. "
The tension between britney spears and her father Jamie has long been a secret. At present, Britney Spears' legal team has submitted a document, demanding that Jamie's supervision of Britney Spears be lifted. They prefer a financial consulting firm to supervise her assets. It is reported that the participation of Jamie Lynn, Britney Spears' sister, may mark the change of Britney Spears' management, managing her finances and her personal affairs, such as medical care and driving privileges.
Britney Spears wrote in the comments: "You have no right to speculate on her, and I have no right to talk about her. Obviously, she is a strong, independent and stubborn woman. " Britney Spears also explained to another user who called on her to speak at the "Free Britney Spears" event: "I will never clarify things to the public because the people involved in this matter don't want to be exposed. I would rather endure all hatred than talk too much about private affairs. "
In 2004, britney spears established a trust fund, which includes all rights, ownership and interests of all property. In addition, it also protects such things as furniture, clothing, jewelry, vehicles and vehicle accessories, books, paintings and other works of art, as well as other tangible objects of personal, family and entertainment use or nature, as well as any insurance for such property. There are also various types and properties of stocks and securities, cash and cash equivalents, including all bank accounts and savings accounts of any type or nature.
Britney spears didn't ask to be released from her guardianship, but she insisted that her father keep her distance. According to Entertainment Weekly, after keeping a distance from Jamie for many years, her mother Lynn Spears divorced Jamie in 2002. In July this year, she applied to the court to participate in guardianship.
However, after Wednesday's court hearing, the government trusteeship and current regulations will continue to take effect in the next six months. Recently, celebrities such as paris hilton and Ross mcgowan have also joined the ranks of fans, openly supporting Britney Spears' autonomy, which has also become part of the "Free Britney Spears" movement.
Earlier this month, it was revealed that in the past year, the diva spent more than $6.5438 million in management fees, some of which may be used to repair her home gym because it was burned down twice.
In addition, her consumption habits are recorded in a new court document, which shows that she paid a total of $65,438+020,254.30 to her consultant and lawyer team in 2065,438+09. According to the magazine, her father Jamie resigned in September last year for health reasons, and thus received $654.38 +0.28 million. Her nursing manager, Jody Pais Montgomery, is now her new nurse. In addition, Britney Jean Spears's travel expenses to Turkey, Caicos Islands and Miami also reached 9 142+0. In addition, she can control an undisclosed pocket money every week.
# Britney # Sister # Finance #
Compile: Mai Mai
Editor: Chen Maozi
This article is compiled from "Britney Spears' sister Jamie Lynn was named the trustee of pop star wealth two years ago", and some sentences are abridged.