The firm have said that they wish to respect Britney’s wishes.
The firm that had been appointed to manage Britney Spears’ financial matters have requested to withdraw from their role in the legal arrangement.
Bessemer Trust, a financial management firm, was appointed as co-conservator of the singer’s assets, alongside her father Jamie Spears.
They have now filed the paperwork to withdraw from their role in their conservatorship. The firm stated that after listening to Britney’s testimony, they wish to respect her wishes.
The court document reads: “As a result of the Conservatee’s testimony at the June 23 hearing, however, 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.”
Bessemer Trust then asked the court to approve their request for withdrawal.
Last week, Britney addressed the court directly, and spoke about her experience in the conservatorship.
In her testimony, the star shared some very worrying details about the way in which her personal and financial life is being managed.
For instance, the singer stated that she has an IUD in her body that she is unable to remove.
She also stressed the physical and mental toll it has had on her.
“I’m not happy, I can’t sleep, I’m depressed, I cry every day,” she said. “I truly believe this conservatorship is abusive. My request is to end the conservatorship without being evaluated like before.”
Earlier this week, a judge denied Britney’s request to have her father removed from the conservatorship. Mr Spears has been managing his daughter’s personal and financial affairs since 2008, but stepped down temporarily in 2019, citing health concerns.
The singer’s request was “denied without prejudice”.
The legal case over Britney Spears’ conservatorship is ongoing.
