Gimme More 34,737 Posted July 1, 2021 Share Posted July 1, 2021 They are doing something good resigning following hearing Britney's desire to not be in a c-ship, Bessemer state they were previously under the impression the c-ship was voluntary but now wish to resign knowing it is not. However this leaves Jamie as sole conservator The wealth management firm that was set to take over as the co-conservator of Britney Spears’s estate, alongside her father, has requested to resign from the arrangement, citing Ms. Spears’s public criticisms of the conservatorship, according to a document filed in court on Thursday. Bessemer Trust, a professional wealth management firm that manages more than $100 billion in assets, said in a court filing that it wants to resign “due to changed circumstances.” In its court filing, the firm said it was told that Ms. Spears’s conservatorship was voluntary and that she had consented to the company acting as co-conservator. But in a court hearing on June 23, Ms. Spears excoriated the arrangement and demanded it end. “As a result of the conservatee’s testimony at the June 23 hearing, however, Petitioner has become aware that the Conservatee objects to the continuance of her Conservatorship and desires to terminate the conservatorship. Petitioner has heard the Conservatee and respects her wishes,” the court filing states. Bessemer’s decision further throws Ms. Spears’s conservatorship into turmoil. For 13 years, she has lived under a system that last week she called “abusive,” and pleaded with the court to let her out of the arrangement without a medical evaluation. Her court-appointed lawyer has not filed a formal request to terminate the conservatorship with the court. Bessemer Trust had been approved by the court to be added as co-conservator of the estate last fall, but had not taken any action as co-conservator and had not received any of the assets of Ms. Spears’s nearly $60 million estate, nor had it taken any fees. Source: The New York Times Sources with direct knowledge tell us ... Bessemer Trust has decided it does not want to get involved because it's become gun-shy over all the controversy surrounding the conservatorship. As one source put it ... Bessemer feels the circumstances surrounding Britney's conservatorship have become a "hornet's nest" ... so it's bailing. Our sources say Bessemer doesn't want to deal with Jamie Spears, but three's more. It has issues, we're told, with Britney's lawyer, Sam Ingham, along with all of the public outcry over her case ... Source: TMZ Link to post Share on other sites More sharing options...
Gimme More 34,737 Posted July 1, 2021 Author Share Posted July 1, 2021 For people not familiar Bessemer is who Britney's lawyer initially said Britney wanted to take over Britney's finances instead of her father. Bessemer were only recently appointed as co-conservators a few days ago but have now resigned following Britney's testimony. Link to post Share on other sites More sharing options...
Eido 3,611 Posted July 1, 2021 Share Posted July 1, 2021 Wait so... Now her father is the only one being conservator? Link to post Share on other sites More sharing options...
Gimme More 34,737 Posted July 1, 2021 Author Share Posted July 1, 2021 Just now, Eido said: Wait so... Now her father is the only one being conservator? Yep I swear to god Britney's awful lawyer better petition to end it - what on earth is he waiting for!! Link to post Share on other sites More sharing options...
A MESS 3,938 Posted July 1, 2021 Share Posted July 1, 2021 rats flying off the sinking ship Генерал Марина Абрамовић Link to post Share on other sites More sharing options...
StarstruckIllusion 47,813 Posted July 1, 2021 Share Posted July 1, 2021 49 minutes ago, Eido said: Wait so... Now her father is the only one being conservator? yes + This is why I’m not celebrating. They were the good guys in this situation Link to post Share on other sites More sharing options...
Alannah 2,927 Posted July 1, 2021 Share Posted July 1, 2021 I feel like the more dirt they get against Jamie as a sole conservator (as opposed to co-holding with Bessemer) will hold a better chance at getting the conservatorship terminated. Idk, probably wishful thinking. I hope this move works in Britney's favor. Link to post Share on other sites More sharing options...
Chic 20,830 Posted July 1, 2021 Share Posted July 1, 2021 This is a good thing. It means that he is legally solely accountable for any mishaps during the remainder of this conservatorship. Link to post Share on other sites More sharing options...
bluemonkey 639 Posted July 1, 2021 Share Posted July 1, 2021 40 minutes ago, Chic said: This is a good thing. It means that he is legally solely accountable for any mishaps during the remainder of this conservatorship. Do you think that’s the reason why they pulled out? Link to post Share on other sites More sharing options...
Chic 20,830 Posted July 1, 2021 Share Posted July 1, 2021 13 minutes ago, bluemonkey said: Do you think that’s the reason why they pulled out? It’s possible, could be because of bad press. It’s hard to say! Link to post Share on other sites More sharing options...
Gimme More 34,737 Posted July 1, 2021 Author Share Posted July 1, 2021 23 minutes ago, bluemonkey said: Do you think that’s the reason why they pulled out? They said they pulled out became they were under the impression Britney voluntarily wanted to be in a c-ship but they found out from the hearing that was not the case and she wanted it terminated. They said they wanted to respect her wishes and not get involved. Link to post Share on other sites More sharing options...
FATCAT 58,005 Posted July 1, 2021 Share Posted July 1, 2021 This might be good, as it already “dismantles” the current c-ship. If anything was gonna nuke it, it would be it falling apart on its own. Purr more, hiss less. Link to post Share on other sites More sharing options...
BUtterfield 8 40,355 Posted July 1, 2021 Share Posted July 1, 2021 I’m just wondering if her father were to suddenly pass away what would happen? Link to post Share on other sites More sharing options...
LaLuna 12,732 Posted July 1, 2021 Share Posted July 1, 2021 2 hours ago, Gimme More said: They said they pulled out became they were under the impression Britney voluntarily wanted to be in a c-ship but they found out from the hearing that was not the case and she wanted it terminated. They said they wanted to respect her wishes and not get involved. Why would they think Britney would've voluntarily entered a conservatorship though? Must be some BS that Jamie fed them Link to post Share on other sites More sharing options...
PropaGaga 3,071 Posted July 1, 2021 Share Posted July 1, 2021 4 minutes ago, LaLuna said: Why would they think Britney would've voluntarily entered a conservatorship though? Must be some BS that Jamie fed them Britney's lawyer lied and told them she was in it voluntarily Link to post Share on other sites More sharing options...
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