Britney Spears' younger sister, Jamie Lynn, is due to play a more significant role in her sister's conservatorship, per new court records.
The erstwhile Nickelodeon star has been named the trustee of Britney’s “SJB Revocable Trust,” which was initially set to protect the pop star and her children’s finances, according to The Blast, who obtained the documents.
The 29-year-old has purportedly asked that the court authorize Fidelity Financial Management to serve as a financial advisor and create “blocked accounts” to hold her 38-year-old sister’s assets.
Per the publication, Jamie Lynn, who starred in Zoey 1010, will ensure these assets and funds will be granted to Britney's two children, Sean and Jayden Federline, if she were to pass away.
The document reportedly reads, “Upon the settlor’s death, the entire principal of the Trust … shall be promptly distributed by the Trustee to the trustee or co-trustees of the BJS Kids & Family Trust, to be held, administered and distributed in accordance with its terms.”
The “SJB Revocable Trust” was apparently created in 2004, four years prior to when Britney's conservatorship began, back in 2008.
Britney’s father, Jamie Spears, and her co-conservator, Andrew Wallet, have signed off on Jamie Lynn’s request to be named a trustee.
The Toxic singer has been facing renewed concern for her wellbeing in recent months following her social media posts during the coronavirus lockdown.
Fans have speculated that Britney may be suffering due to the conservatorship she has been under for the past 12 years. She was first placed under a conservatorship by her father back in 2008 after suffering a series of mental breakdowns, which necessitated medical intervention.
The hashtag "#FreeBritney" has subsequently been making the rounds on social media.
The singer has had much of her personal affairs – including her finances, mental health and music career – controlled by legal guardians (largely her father, Jamie Spears) under the terms of the conservatorship.
Last week, Spears was proffered support by the American Civil Liberties Union after a court ruled that her father Jamie Spears remains the sole conservator of her estate.
The ACLU has publicly reached out to the singer on Twitter, writing: "The ACLU has since publicly reached out to Britney after the non-profit organisation tweeted: “People with disabilities have a right to lead self-directed lives and retain their civil rights. If Britney Spears wants to regain her civil liberties and get out of her conservatorship, we are here to help her."