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Britney Spears' father loses bid to retain control of delegating her investments

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Objections raised by James Spears' attorney, Vivian Thoreen, on how the co-conservatorship would be delegated were rejected Thursday. One objection raised by Thoreen asked that James Spears have the power to delegate investment powers, an issue that was a point of debate between the two attorneys Thursday.

Ingham told the court that the nature of a co-conservatorship is that James Spears' powers as sole conservator, appointed by the court in 2019, would be reduced. Thoreen argued that the court orders should be consistent with the 2019 order that gave him sole conservatorship.

"There's no intent or desire to create unequal power or decision-making as between the two, your honor," Thoreen argued. "This is a way to make it consistent and to not take away powers that Mr. Spears as a conservator had."

 

Thoreen also denied a concern raised by Ingham that James Spears would delegate the investment powers to a third party, stating that her client simply wanted "to be able to delegate the investment decision making authority to Bessemer."

The objection was denied by the judge. Both James Spears and Bessemer Trust are expected to work together on a budget and investment proposal for Britney Spears' estate following Thursday's hearing.

“My client looks forward to working with Bessemer to continue an investment strategy in the best interests of his daughter," Thoreen said in a statement after the hearing.

"My client Jamie Spears has diligently and professionally carried out his duties as one of Britney’s conservators, and his love for his daughter and dedication to protecting her is clearly apparent to the court," the statement said.

Another hearing on the conservatorship is scheduled to take place next month.

 

 

Source:  https://www.nbcnews.com/pop-culture/pop-culture-news/britney-spears-father-loses-bid-retain-control-delegating-her-investments-n1257502

 

Another small win for our girl! :hi1:

 

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