Jamie Lynn Spears has been named trustee of sister Britney’s SJB Revocable Trust. The pop star’s younger sister will be responsible for ensuring her fortune is transferred into a trust benefitting Britney’s children in the event of her death, according to court documents obtained by ET on Tuesday.
The documents state that Jamie Lynn was appointed trustee of Britney’s trust in 2018, with her appointment signed off by their father, Jamie, and Britney’s former co-conservator Andrew Wallet. The SJB Trust was set up in 2004 to protect Britney’s fortune, four years before her conservatorship started in 2008. While she is living, Britney remains its sole beneficiary.
11 PHOTOSBritney and Jamie Lynn SpearsSee GalleryBritney and Jamie Lynn Spears
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LOS ANGELES, CA – DECEMBER 17: Britney Spears stands courtside with sister Jamie Lynn as the Los Angeles Lakers play against the Washington Wizards on December 17, 2006 at Staples Center in Los Angeles, California.NOTE TO USER: User expressly acknowledges and agrees that, by downloading and/or using this Photograph, user is consenting to the terms and conditions of the Getty Images License Agreement. Mandatory Copyright Notice: Copyright 2006 NBAE (Photo by Noah Graham/NBAE via Getty Images)
LOS ANGELES, CA – DECEMBER 17: Britney Spears walks through the crowd with sister Jamie Lynn Spears as the Los Angeles Lakers play against the Washington Wizards on December 17, 2006 at Staples Center in Los Angeles, California.NOTE TO USER: User expressly acknowledges and agrees that, by downloading and/or using this Photograph, user is consenting to the terms and conditions of the Getty Images License Agreement. Mandatory Copyright Notice: Copyright 2006 NBAE (Photo by Jeffrey Bottari/NBAE via Getty Images)
Jamie Lynn Spears, Britney Spears and Kevin Federline (Photo by Jeffrey Mayer/WireImage)
Britney Spears and Jamie Lynn Spears during Nickelodeon’s 16th Annual Kids’ Choice Awards 2003 – Backstage at Barker Hangar in Santa Monica, CA, United States. (Photo by Jeff Kravitz/FilmMagic)
Britney Spears and Jamie-Lynn Spears (Photo by KMazur/WireImage)
Jamie Lynn Spears and Britney Spears at the Toys ‘R’ Us Times Square in New York City, New York (Photo by James Devaney/WireImage)
UNITED STATES – SEPTEMBER 25:Britney Spears is joined by her mother, Lynne (left), and her sister, Jamie Lynn, on a backstage visit to meet the cast after attending a performance of ‘Hairspray’ at the Neil Simon Theater.(Photo by Richard Corkery/NY Daily News Archive via Getty Images)
Britney Spears and her sister Jamie Lynn Spears at ‘The Teen Choice Awards 2002’ at the Universal Amphitheatre in Los Angeles, Ca. Sunday, August 4, 2002. Photo by Kevin Winter/Getty Images/FOX.
Britney Spears and sister Jamie Lynn Spears (Photo by Denise Truscello/WireImage)
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Jamie Lynn has requested that the court authorize Fidelity Financial Management to serve as a financial adviser and create a “blocked account” to hold her older sister’s assets. Upon Britney’s death, Jamie Lynn will receive “the entire principal of the Trust,” and will ensure these assets and cash will be used for Britney’s two children, Sean and Jayden Federline.
“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 docs state.
As for Britney’s conservatorship, last week, a judge ruled that Britney’s conservatorship will be extended as is through Feb. 1, 2021, despite her request to remove her father. Britney requested that Jodi Montgomery — her longtime care manager — continue in that role. Montgomery was appointed to serve as Britney’s temporary conservator in September 2019 after Jamie petitioned the court to hand over the reins, citing ongoing health issues.
See more on Britney in the video below.
Additional reporting by Joseph Corral.
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