Entertainment

Britney Spears estate deserted by Bessemer Trust as conservatorship is a ‘hornet’s nest’

Financial firm appointed by judge to become co-conservator of Britney Spears’s estate REFUSES to get involved because the case is a ‘hornet’s nest’… leaving her father Jamie in charge of her affairs

  • The proposed new co-conservator of Britney Spears ‘ $60m estate, is already seeking to resign, DailyMail.com confirms
  • The move will effectively leave father Jamie Spears, 68, as the sole conservator of Spears’ fortune once again 
  • Bessemer Trust – that manages more than $100 billion in assets – made an ex parte application on Thursday to officially withdraw
  • According court documents, obtained by DailyMail.com, the company said it was requesting to withdraw ‘due to changed circumstances’ 

Britney Spears’ estate is now back in the hands of father Jamie, 68

Bessemer Trust, the proposed new co-conservator of Britney Spears‘ $60m estate, is already seeking to resign a day after their appointment became official, DailyMail.com can confirm. 

The private management company is seeking an emergency hearing on Friday, to resign immediately and distance themselves from any involvement in Spears’ financial matters.

According to a court document filed Thursday, obtained by DailyMail.com, the company said it was requesting to withdraw ‘due to changed circumstances.’ 

This would effectively leave her father Jamie Spears, 68, as the sole conservator of Spears’ estate once again.

Eight months after approving Bessemer Trust as the co-conservator, Judge Penny finally signed the order this week.

However, days later, Bessemer Trust – that manages more than $100 billion in assets – made an ex parte application, which means an emergency hearing to officially withdraw.

They cite a change in circumstances, referencing the bombshell June 23rd hearing where Spears pled with Judge penny in a 25 minute speech to remove her father, and the current team from any involvement in her affairs.

While Judge Penny could not rule on this at the June 23rd hearing, and the next set of hearings are just 2 weeks away on July 14th; Bessemer has moved the court for the immediate order to stay as far away from this as possible.

A source told TMZ Thursday that the company views the circumstances surrounding Spears’ conservatorship have become a ‘hornet’s nest.’

Battle: Spears is pictured with her father Jamie

Battle: Spears is pictured with her father Jamie

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