On Friday, a Los Angeles Superior Court judge approved a request filed Thursday by a wealth management firm, Bessemer Trust, to remove itself as a planned co-conservator of pop icon Britney Spears’ financial dealings.
Bessemer Trust asked to leave the arrangement in a request filed in court on Thursday. The company cited the singer’s anguished comments in court late last month as the reason for its departure.
The company said in its filing Thursday that until Spears spoke in court on June 23, it had believed that Spears was in the conservatorship voluntarily, and that she had consented to Bessemer Trust’s entrance as co-conservator alongside Spears’ father, Jamie Spears.
In its filing, Bessemer stated: “As a result of the conservatee’s testimony at the June 23 hearing, however, Petitioner [Bessemer Trust] 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 company also said its role had not yet taken effect. It wrote that it is “not currently authorized to act, has taken no actions as conservator, has made no decisions as conservator, has received no assets of the estate [and] has taken no fees.”
On Wednesday, the same Los Angeles Superior Court judge presiding over the case, Brenda Penny, denied the singer’s request to have her father removed from the financial aspects of her conservatorship.
As of now, Spears’ court-appointed lawyer, Samuel D. Ingham III, has not filed a petition to terminate the conservatorship. The next court date is scheduled for July 14.
