Bessemer Trust, a professional wealth management firm that was poised to take over as co-conservator of Britney Spears’ estate and work with her father, has asked to resign from the arrangement. bit.ly/3hwQP8e
The company, which manages more than $100 billion in assets, said it was requesting to withdraw “due to changed circumstances.” bit.ly/3hwQP8e
In the filing, the firm said it was told Spears' conservatorship was voluntary, but her statement against the arrangement last week made clear that she is opposed to it, or at least her father continuing as her conservator. bit.ly/3hwQP8e
“...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,” the court filing states. bit.ly/3hwQP8e
Bessemer Trust was approved by the court to be added as co-conservator of Spears’ estate last fall, but had not taken any action or payment as co-conservator and had not received any of the assets of her nearly $60 million estate. bit.ly/3hwQP8e
Get the full story: bit.ly/3hwQP8e
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