Britney Spears Still Under Conservatorship After Five Years
Conservatorships are created for individuals who do not have the capability of managing their personal affairs on their own. In this type of legal arrangement, the control of a person’s financial affairs and management of his or her estate is delegated to a conservator. The person who is in need of assistance is known as the protected person in a Florida conservatorship.
Famed pop icon Britney Spears is currently one such protected person in a conservatorship. Her father has been in control of the pop star’s finances for approximately five years as a result of a medical condition which has not yet been revealed. This may seem ironic to many people since the singer is one of the most successful entertainers in the world, with a current hit song on the pop charts. However, if a court deems that a person is in need of a conservatorship, many times it can be difficult to challenge.
Spears’ conservatorship may soon have more funds added to the singer’s estate. She is now close to signing a five-year deal for a show at Caesar’s Hotel in Las Vegas. Rumors indicate that the contract may be for around $100 million per year, which would be a significant addition to the singer’s estate still under control of her father.
Even for those who are not famous pop star singers, a conservatorship could cause significant conflict. However, whatever issues a conservatorship may bring up for a protected person or a conservator, it is usually a good idea to have a full understanding of applicable Florida law before deciding on any actions. Many times it may be a good idea to obtain the advice of a legal professional.