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Britney Spears' Lawyer Puts Conservatorship Team on Blast for Expensive Fees

Britney Spears‘ lawyer is calling out members of the pop star’s conservatorship team.

In a new filing obtained by The Blast published Tuesday (September 15), her lawyer called out members of the conservatorship, including father Jamie Spears, for their finances.

PHOTOS: Check out the latest pics of Britney Spears

“After denying for months that any structural change to this conservatorship was necessary, an hour before the last hearing James [Jamie] suddenly reversed direction and conceded that a co-conservator of the estate is needed after all. However, rather than work collaboratively with Britney to find the best candidate, James chose to work in direct opposition to her clear statement that she ‘strongly prefers to have a qualified corporate fiduciary appointed to serve in this role,’” the filing reads.

Britney‘s lawyer also challenged Jamie‘s choice for reinstating co-conservator Andrew Wallet, who voluntarily left his role in 2019.

“In fact, Mr. Wallet‘s sudden departure after 11 years was ‘voluntary’ only in the sense that he wasn’t removed. Rather, it was negotiated by court-appointed counsel for Britney and supported by consideration to Mr. Wallet in the form of a $100,000.00 ‘golden parachute,’” the filing goes on to read.

The co-conservator was paid $426,000 a year for his services according to the paperwork, and “any individual co-conservator to this case, much less Mr. Wallet represents a very poor value that Britney cannot afford,” her lawyer argues, considering that she is not performing nor desires to at this time.

They also pointed out that Jamie “modified” the amount business manager Lou Taylor‘s company was paid by the conservatorship.

“In considering the economic impact of Mr. Wallet‘s return on Britney‘s estate, it should be noted that on December 20, 21 2019, after Mr. Wallet had departed, James modified the compensation of TRI STAR SPORTS AND ENTERTAINMENT GROUP, the business manager, to provide for a minimum annual fee of $500,000.00,” the filing claims.

“This amount represents more than DOUBLE the amount that Tri-Star was previously receiving.”

Her father’s position is that Britney‘s decision not to perform will require him to undertake drastic changes to her “budget.”

“Apparently this frugality does not extend to the fees James pays from the conservatorship to the financial professionals with whom he surrounds himself,” the filing states.

Britney would like the court to appoint an investment bank as the conservator of her estate according to the filing, and claims she has little or no connection to her father’s choice.

“Apart from the fact that Mr. Wallet has been extremely expensive in the past, based on what occurred over the 11 years he served as her co-conservator there is no reason to believe that Mr. Wallet will be able to work with Britney to explain and implement any difficult budgetary choices that must be made.”

The judge will ultimately make the final decision regarding these requests.

Britney‘s conservatorship was first placed in 2008 with her father, Jamie Spears, being named the permanent conservator. After Jamie stepped down due to health reasons last year, Jodi Montgomery was named temporary conservator. Since 2008, the courts have continued to rule that she’s not capable of making decisions about her finances and health care.

Here’s what her friend Paris Hilton recently said about that…

Britney Spears' Father Wants Her Medical Records to Stay Sealed Amid Conservatorship Case

Britney Spears is interested in unsealing parts of her conservatorship case for the “informed support” of the public, but her father Jamie Spears is not in agreement.

According to newly filed documents from her father, the court needs to make some other big decisions about her health first, via TMZ on Friday (September 11).

PHOTOS: Check out the latest pics of Britney Spears

According to the outlet, Jamie says that Britney‘s lawyer is grandstanding by trying to unseal parts of her ongoing conservatorship case and opening it to the public, and that before she can waive her right to privacy, the court needs to determine she has “the capacity to understand the consequences of her waiver.”

He is arguing that her medical records need to stay sealed, and worried that they could have a detrimental effect on Britney if the public gets their hands on them, according to TMZ. He also argues it is in the best of interest of Britney and her children.

Jamie points out that the conservatorship is voluntary, and Britney can file a request to terminate at any time, but still has not up to this point.

Britney previously said she doesn’t want her father to return to the role of sole conservator.

Jamie says in the paperwork that conservatorship of her estate (finances) is “inextricably entwined” with the conservatorship of her person (medical), and unsealing details could expose sensitive medical issues.

Britney‘s conservatorship was first placed in 2008 with her father, Jamie Spears, being named the permanent conservator. After Jamie stepped down due to health reasons last year, Jodi Montgomery was named temporary conservator. Since 2008, the courts have continued to rule that she’s not capable of making decisions about her finances and health care.

Here’s what her friend Paris Hilton recently said about that…

Jamie Spears Photo Gallery

Britney Spears Wants to Open Sealed Parts of Her Conservatorship Case & Welcomes 'Informed Support' of Fans

Britney Spears is making it clear that she supports transparency in the ongoing complicated saga of her conservatorship.

The 38-year-old Glory pop star, who recently voiced her opposition to father Jamie Spears becoming her sole conservator again, filed documents via her lawyers opposing her dad’s motions to seal parts of the conservatorship case, via TMZ on Thursday (September 3).

PHOTOS: Check out the latest pics of Britney Spears

The move comes amid rampant speculation and concerns among fans regarding her well-being under the conservatorship, which has been in place since 2008, prompting the viral “#FreeBritney” movement on social media.

Britney argues there are no medical issues or sensitive issues with her children to protect, so there’s no reason to keep the hearing secret. The lawyer says, ‘… Britney herself is vehemently opposed to this effort by her father to keep her legal struggle hidden away in the closet as a family secret,’” TMZ reports.

“The lawyer adds, ‘Far from being a conspiracy theory or a ‘joke’ as James [Jamie] reportedly told the media, in large part this scrutiny is a reasonable and even predictable result of James‘ aggressive use of the sealing procedure over the years to minimize the amount of meaningful information made available to the public. Along with the legal docs, Britney‘s lawyers attached an article about the Free Britney movement and stated she’s trying to get some personal autonomy back in her life. They say Britney ‘welcomes and appreciates the informed support of her many fans.’”

Here is how Britney reportedly feels about the conservatorship.

Britney Spears 'Dreams' of Conservatorship Ending, But 'Needs People Who Look Out For Her' (Report)

The complicated saga of Britney Spears‘ conservatorship continues.

Following the news that Britney herself “strongly opposes” father Jamie Spears returning to the role of sole conservator, a source tells People that Britney “still wants the conservatorship to end at some point, but more urgently right now she doesn’t want her dad to regain the sole conservator role.”

PHOTOS: Check out the latest pics of Britney Spears

Jamie is very old school. He treats Britney like a child,” the source told the outlet.

In 2008, Britney was first placed under the conservatorship, and the courts have continued to rule that she is not capable of making decisions about her finances and health care.

Britney wants someone who is respectful and considerate to be in charge of her conservatorship. Someone from the outside who is not her family. Someone who will treat her like an adult and listen to her. She will never have this relationship with Jamie,” the source went on to say.

“She dreams about the conservatorship ending, but this doesn’t seem realistic. She needs to be surrounded by people who look out for her,” the source also told People.

“She is very disappointed in the drama that he caused with her boys,” they also explained of Jamie‘s altercation with Britney‘s son in 2019.

At the same time, her sister Jamie Lynn Spears made new legal moves to be more involved in her sister’s finances.

Here is what Jamie Spears has said about fan concern regarding the conservatorship…

Jamie Lynn Spears Named Trustee of Britney Spears' Fortune

Britney Spears‘ sister, Jamie Lynn, is now the trustee of a trust that holds the fortune belonging to the 38-year-old Glory pop star, The Blast reported Tuesday (August 25).

According to legal documents obtained by the outlet, Jamie Lynn was named trustee of the “SJB Revocable Trust,” set up by Britney in 2004 to protect her vast fortune and provide for her children’s financial future.

PHOTOS: Check out the latest pics of Britney Spears

The trust was “amended in 2018, naming Jamie Lynn as the ‘trustee’ and the move was signed off on by her co-conservators Andrew Wallet, and their father Jamie Spears. According to the documents, while alive Britney Spears is the ‘sole beneficiary’ of the SJB Trust, but it outlines what steps are to be taken if she passes away.”

Jamie is asking the court to approve the appointment of Fidelity Financial Management to create “blocked accounts” that will hold all of Britney‘s assets and serve as advisors with her investments, the documents also outline.

It’s “unclear if Jamie is asking to move the assets to these accounts now, or in the event of Britney‘s death. But, the trust outlines exactly what should happen to her fortune in the case of her death…in other words, if she passes away, Jamie Lynn will ensure that the assets and cash be transferred to the trust set up to take care of her children.”

This is the first time her sister has been named in connection to her conservatorship.

Her mother, Lynne Spears, recently filed to become more involved in this trust.

Britney Spears' Father Wants to Reappoint Co-Conservator Who Resigned in 2019

Britney Spears‘ father Jamie Spears is pushing to reinstate someone else in his daughter’s finances.

The 68-year-old father of the 39-year-old Glory singer submitted a petition to the Superior Court of California on Tuesday (August 19) requesting to have Andrew Wallet, an attorney who handled her finances until 2019, return as co-conservator of her estate, People reported Friday (August 21).

PHOTOS: Check out the latest pics of Britney Spears

In the document, Jamie asked that he and Andrew be granted the “power to obtain all documents and records” relating to her estate, including “all contracts, information relating to credit cards, bank statements, estate planning documents, receivables, and any and all powers of attorney.”

The filing also revealed that she has a total of $2.7 million in cash assets and an estimated $57.4 million in non-cash assets as of December 31.

A hearing has been set for September 16.

Jamie stepped down as the permanent conservator in September of 2019 due to “personal health reasons,” with Jodi Montgomery taking his place on a temporary basis.

His petition to regain powers in overseeing the conservatorship comes after Britney‘s attorney, Samuel D. Ingham III, submitted a filing in Los Angeles claiming that she is “strongly opposed” to having her father return as the sole conservator of her affairs and instead “strongly prefers to have a qualified corporate fiduciary appointed to serve in this role,” and now “strongly prefers” that Jodi continues to be the sole conservator of her person.

“We are now at a point where the conservatorship must be changed substantially in order to reflect the major changes in her current lifestyle and her stated wishes,” her lawyer said in the statement.

“Without in any way waiving her right to seek termination of this conservatorship in the future, Britney would like Ms. Montgomery’s appointment as conservator of her person to be made permanent,” her lawyer wrote.

In the papers, Britney praises the conservatorship and its work overall, saying it “rescued her from a collapse, exploitation by predatory individuals and financial ruin” and that it made her “able to regain her position as a world class entertainer,” via AP.

Here’s what Jamie Spears previously said about the #FreeBritney movement…

Britney Spears 'Strongly Opposes' Her Father Returning as Her Sole Conservator

Britney Spears is making some requests in her ongoing conservatorship.

The 38-year-old Glory singer is requesting to have father Jamie Spears removed as her conservator after more than 12 years, according to court documents obtained by Us Weekly on Tuesday (August 18).

PHOTOS: Check out the latest pics of Britney Spears

Britney’s attorney, Samuel D. Ingham III, stated in the filing in Los Angeles that she “is strongly opposed to having [Jamie] return as the conservator of her person” and “strongly prefers” her care manager, Jodi Montgomery, “continue in that role as [she] has done for nearly a year.”

She is also “strongly opposed” to Jamie “continuing as sole conservator of her estate” and requested “to have a qualified corporate fiduciary appointed to serve in this role,” which would likely be a bank.

The filing indicates that Britney does not wish to end the conservatorship entirely, as speculated amid the #FreeBritney movement.

“Without in any way waiving her right to seek termination of this conservatorship in the future, Britney would like Ms. Montgomery’s appointment as conservator of her person to be made permanent,” her lawyer wrote.

In the papers, Britney praises the conservatorship and its work overall, saying it “rescued her from a collapse, exploitation by predatory individuals and financial ruin” and that it made her “able to regain her position as a world class entertainer,” via AP.

Here’s what her dad recently said of the #FreeBritney movement…