Gimme More 35,393 Posted August 25, 2020 Share Posted August 25, 2020 Britney Spears' sister, Jamie Lynn, has been named the trustee of a trust that holds the massive fortune belonging to the pop star, and she just has taken the first steps to become more involved in the singer's finances. According to legal documents, obtained by The Blast, Jamie Lynn Spears was named trustee of the 'SJB Revocable Trust' which was set up by Britney in 2004 to protect her vast fortune and provide for her children's financial future. The new documents claim 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. In the new filing, 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. 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. "Upon the settlor's death, the entire principal of the Trust, including all accused and undistributed and unrealized income, together with any insurance on the settlor's life or other assets payable to the Trust as a result of settlor's death, shall be promptly distributed by the Trustee to the trustee or co-trustee of the BJS Kids & Family Trust, to be held, administered and distributed in accordance with its terms." 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. As you know, this is a HUGE move considering Britney Spears' strained relationship with her father, Jamie Spears, and is the first time her sister has been named in connection to her conservatorship. Britney's lawyer has filed documents claiming the pop star no longer wishes to have her father involved in her estate and is asking that a financial advising company be put in charge of her finances. Jamie Lynn and Lynne Spears' filings, in this case, maybe the beginning of a movement to them being much more involved in Britney's conservatorship. In 2004, Britney created the trust to include, "All of my right, title, and interest in all my property." Plus, "My furniture and furnishings, clothing, jewelry, vehicles and accessories to vehicles, books, paintings, and other artwork, and other tangible articles of personal, domestic household, or recreational use or nature, together with any insurance on such property." The trust also includes, "My stocks and securities of every kind and character. My cash and cash equivalents, including all bank accounts and savings accounts of any kind or character." Source: The Blast Link to post Share on other sites More sharing options...
Gimme More 35,393 Posted August 25, 2020 Author Share Posted August 25, 2020 This shows how Lou Taylor is directly linked to the Conservatorship and ALL the money: Link to post Share on other sites More sharing options...
Guest Posted August 25, 2020 Share Posted August 25, 2020 What the heck!!! This family is insane and scary. This explains why she strongly defends her dad and is friends with Lou Taylor, and doesnt support Britney Link to post Share on other sites More sharing options...
Gimme More 35,393 Posted August 25, 2020 Author Share Posted August 25, 2020 2 minutes ago, Faysalaaa said: What the heck!!! This family is insane and scary. This explains why she strongly defends her dad and doesnt support Britney and why she is best friends with Loucifer Link to post Share on other sites More sharing options...
Alvaro Moreno Ullrich 1,554 Posted August 25, 2020 Share Posted August 25, 2020 How to be rich 101 Link to post Share on other sites More sharing options...
Regina George 59,387 Posted August 25, 2020 Share Posted August 25, 2020 Sick ****s. Every single member of that family is sick. Imagine taking advantage of your daughter/sister! Gross! Link to post Share on other sites More sharing options...
paradox 4,568 Posted August 25, 2020 Share Posted August 25, 2020 It's just heartbreaking at this point Link to post Share on other sites More sharing options...
Seryabkina 888 Posted August 25, 2020 Share Posted August 25, 2020 lock them up ! Link to post Share on other sites More sharing options...
Guest Posted August 25, 2020 Share Posted August 25, 2020 1 minute ago, Regina George said: Sick ****s. Every single member of that family is sick. Imagine taking advantage of your daughter/sister! Gross! She even tried to hint that Britney is crazy like Kanye to continue painting Britney as a crazy person Link to post Share on other sites More sharing options...
Reject False Icons 4,770 Posted August 25, 2020 Share Posted August 25, 2020 While in normal circumstances passing a person’s fortune to their sibling in case of their death to give it to their children until they are legally adults may seem normal it really creeps me in this family, I’m feeling that they probably want Britney dead before giving her freedom Of course I don’t want this but these thoughts cross my mind also is so enraging watching the Spears claiming her career as a family business, it’s her personal achievement, don’t you have your own freaking life to do what you like and probably if you were good with her she would support your projects, but no you choose the most unethical immoral thing to do Link to post Share on other sites More sharing options...
Seryabkina 888 Posted August 25, 2020 Share Posted August 25, 2020 Just now, Reject False Icons said: While in normal circumstances passing a person’s fortune to their sibling in case of their death to give it to their children until they are legally adults may seem normal it really creeps me in this family, I’m feeling that they probably want Britney dead before giving her freedom Of course I don’t want this but these thoughts cross my mind i wouldn't be surprised if they already thought of that Link to post Share on other sites More sharing options...
Gimme More 35,393 Posted August 25, 2020 Author Share Posted August 25, 2020 2 minutes ago, Reject False Icons said: While in normal circumstances passing a person’s fortune to their sibling in case of their death to give it to their children until they are legally adults may seem normal it really creeps me in this family, I’m feeling that they probably want Britney dead before giving her freedom Of course I don’t want this but these thoughts cross my mind What freaks me out is that Jamie Lynn has requested for Lou Taylor's company Stonebridge Investment Counsel LLC to be the advisor of Britney's trust! The same woman Britney claimed was stalking her in 2007 and the fact we've got lots of documentation showing how corrupt Lou is It's crazy how we've saw that Britney's money has gone to Lou Taylor's husbands church to help fund conversion therapies. Link to post Share on other sites More sharing options...
Seryabkina 888 Posted August 25, 2020 Share Posted August 25, 2020 Just now, Gimme More said: What freaks me out is that Jamie Lynn has requested for Lou Taylor's company Stonebridge Investment Counsel LLC to be the advisor of Britney's trust! The same woman Britney claimed was stalking her in 2007 and the fact we've got lots of documentation showing how corrupt Lou is It's crazy how we've saw that Britney's money has gone to Lou Taylor's husbands church to help fund conversion therapies. she really wants to exterminate the brit stans Link to post Share on other sites More sharing options...
Red 98,021 Posted August 25, 2020 Share Posted August 25, 2020 That explains a lot If you see me posting like crazy, I'm either bored or procrastinating. Link to post Share on other sites More sharing options...
BUtterfield 8 41,466 Posted August 25, 2020 Share Posted August 25, 2020 I really hope that If heaven forbid Britney Passes away when her kids are in their 20s they don’t have to fight for the money in court Britney’s money should go to directly her kids or anywhere else she pleases Link to post Share on other sites More sharing options...
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