<![CDATA[Jamie Lynn Spears named as sister Britney’s trustee]]> https://usagag.com/2020/08/25/jamie-lynn-spears-named-as-sister-britneys-trustee/ Tue, 25 Aug 2020 21:29:51 +0000 hourly 1 https://usagag.com Jamie Lynn Spears named as sister Britney’s trustee Jamie Lynn Spears is set to play a more significant role in her sister Britney Spears’ conservatorship, new court records show.

The 29-year-old former Nickelodeon star has been named the trustee of Britney’s “SJB Revocable Trust,” which was initially set to protect the pop star and her children’s finances, according to The Blast, which obtained the documents.

Jamie Lynn has reportedly requested that the court authorize Fidelity Financial Management to serve as a financial advisor and create “blocked accounts” to hold her 38-year-old sister’s assets.

According to The Blast, the “Zoey 101” star will ensure these assets and cash will be used for Britney’s two children, Sean and Jayden Federline, if the singer was to pass away.

The document states, “Upon the settlor’s death, the entire principal of the Trust …  shall be promptly distributed by the Trustee to the trustee or co-trustees of the BJS Kids & Family Trust, to be held, administered and distributed in accordance with its terms.”

The “SJB Revocable Trust” was reportedly created in 2004, four years prior to when her conservatorship started in 2008.

Britney’s trust pertains to her bank accounts and personal items such as clothes, jewelry, artwork and furniture, according to reports.  Its not clear if it also includes the value of any intellectual property, such as music rights, owned by the pop star.

Britney’s father, Jamie Spears, and her co-conservator, Andrew Wallet, signed off on Jamie Lynn’s request to be named a trustee.

In July, Jamie Lynn slammed a fan who questioned her sister’s mental health.

She wrote on Instagram, “You have no right to assume anything about my sister, and I have NO right to speak about HER health and personal matters. She is a strong, badass, unstoppable woman, and that’s the only thing that is OBVIOUS.”

Last week, a judge ruled that Britney’s conservatorship will be extended for at least another six months following the singer’s request to remove her father. Her manager Jodi Montgomery is currently her temporary conservator.

Britney’s mom, Lynne Spears, has also requested to be involved in her daughter’s finances.

A rep for Jamie Lynn did not immediately return our request for comment.

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