Britney’s financial firm asks to withdraw from conservatorship
Published: 04:54 PM, 2 July 2021
A financial firm named ‘Bessemer Trust’ has asked to withdraw the conservatorship of financial affairs of popular pop star Britney Spears, citing her objections in court last week.
The Bessemer Trust was named as “joint guardians” of her estate, along with her father Jamie Spears, reports BBC.
Britney Spears, last week, asked through a lawyer to end her father’s involvement in her life and gave explosive testimony against the entire arrangement.
She described the conservatorship as “abusive” and asked to return to her normal life back.
One day after her statement in the court, Bessemer Trust filed a motion to withdraw from the entire arrangement on Thursday, although the court upheld the pop star’s conservatorship.
While asking for their reason to quit, the financial firm cited the singer’s June 23 court statement.
In a court filing, the company said it had “relied on the representations” that the ongoing conservatorship was voluntary and that all parties, including Spears, had consented to its involvement.
The firm said it had heard Britney Spears’s desire to “terminate the conservatorship” and was seeking to respect her wishes.