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The professional co-conservator for Britney Spears’ estate filed a petition to resign Thursday following the pop star’s explosive testimony last week in which she called the situation abusive.
Bessemer Trust filed documents in Los Angeles Superior Court asking to be removed from its position as co-conservator with her father, James “Jamie” Spears. The financial institution cited Britney Spears’ desire to end the conservatorship during her June 23 testimony in its decision to step away from its role.
In the petition, Bessemer said it entered into the conservatorship because it "relied on the representations of the parties that the ongoing Conservatorship was voluntary." But now Bessemer is aware that Britney Spears "objects to the continuance of her Conservatorship and desires to terminate the Conservatorship" and the company respects her wishes, the filing said.
The filing comes just a day after the court rejected a petition to have Jamie Spears removed from his role in his daughter’s estate. He was temporarily made the sole executor of his daughter’s estate in 2019 after his co-conservator, Andrew Wallet, resigned.
Britney Spears' attorney, Samuel D. Ingham III, filed a petition last year to have Jamie Spears removed, saying that his client was afraid of her father and would rather have a professional handle her case. He also said the singer would refuse to perform so long as her father was in charge of her estate.
Los Angeles County Superior Court Judge Brenda Penny instead assigned Bessemer Trust as Jamie Spears’ co-conservator and Jodi Montgomery as Britney Spears' conservator of the person.
In rare public testimony last week, Britney Spears
called her conservatorship “abusive” and asked the judge to release her
from the legal case without further medical evaluation. The 39-year-old
singer did not file an official petition with the court that day.
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