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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, 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 two 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.’
The court filing states: ‘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.’
Spears’ father Jamie has been her co-conservator since 2008, when the singer suffered a well-publicized meltdown.
Battle: Spears is pictured with her father Jamie
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