Britney Spears' sister Jamie Lynn was named trustee of the pop star's multimillion-dollar estate two years ago, and now she's been selected a custodian for the singer's fortune, new paperwork shows.
Jamie Lynn, 29, filed a petition Friday, asking to deposit "all assets of the SJB Trust" into one or more "blocked accounts with Fidelity Brokerage Services as the custodian and depository," the 70-page filing obtained by the New York Daily News reveals.
A hearing has been set for Nov. 2.
Once set up, the blocked accounts would be held on the condition that any property or earnings would remain in the accounts and not be withdrawn without a written order signed by a judge, the filing states.
Britney Spears, 38, set up the revocable trust in 2004. An amended version filed in 2018 said that upon the singer's death, all the wealth "shall be promptly distributed" to the trustee to be administered in accordance with the singer's "Kids & Family" trust.
The "Toxic" singer has the subject of a conservatorship helmed by her dad, James "Jamie" Spears, since 2008. The dad stepped in to take control after Spears was the subject of highly publicized personal problems and involuntary hospitalization.
He was in control when she returned to the stage for a successful Las Vegas residency, regained regular visitation with her two sons and started a long-term relationship with current boyfriend Sam Asghari.
But the patriarch took a break last year from the portion of his duties involving Spears' personal life and health matters, citing his own health issues.
In new filings this month, Spears said she was "strongly opposed" to his return to that portion of his duties.
