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Someone explain Britney Spear's conservatorship deal!

About time.

I wonder if the dad's revenue stream from her work got terminated as well.
 
There should be a full accounting of her father’s and her finances.
 
HappyHighwayman said:
I wonder how much money her dad effectively stole being her conservator.
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That’s what I’m wondering.

I am also wondering what would have happened to her and her finances if he did not take conservatorship of her. Think of how Don King basically burglarized Mike Tyson over the years.

And now that she’s free, who are her agents, attorneys, advisors, mentors? The woman AFAIK is not educated and most likely has no street smarts. Her empire could have competed with other female entertainers. In the manner how ex-NBA player John Lucas works with troubled NBA players, she would benefit from a trustworthy peer.

She is an icon and I wish her well.
 
HappyHighwayman said:
I wonder how much money her dad effectively stole being her conservator.
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I don't know if I missed something, but was there ever a single shred of hard evidence that dad unjustly enriched himself? Keep in mind a typical hedge fund charges 2% base assets + 20% profits, so for an estate with say $50M in investments and a "difficult" client, it would be hardly unreasonable for dad to pay himself $500k a year.

Court terminated without any evaluation (read: we're sick of the bullshit and the bad PR.) Apparently Spears isn't getting along at all with her mom or sis either (read: scorched earth approach with everyone around her.) Maybe this is all for the best, but it feels to me that there is a fairly good chance that a few years down the road, Spears is not going to be in a good place, psychologically or financially.
 
lizard said:
And now that she’s free, who are her agents, attorneys, advisors, mentors?
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People that she chooses, many that will have no fiduciary duty to her, creating outcomes that the court will not be supervising.

Britney has wealth, but not an enormous amount and her pop star status is deep into the waning phase; the money is going to evaporate.
 
mercurial said:
I don't know if I missed something, but was there ever a single shred of hard evidence that dad unjustly enriched himself? Keep in mind a typical hedge fund charges 2% base assets + 20% profits, so for an estate with say $50M in investments and a "difficult" client, it would be hardly unreasonable for dad to pay himself $500k a year.

Court terminated without any evaluation (read: we're sick of the bullshit and the bad PR.) Apparently Spears isn't getting along at all with her mom or sis either (read: scorched earth approach with everyone around her.) Maybe this is all for the best, but it feels to me that there is a fairly good chance that a few years down the road, Spears is not going to be in a good place, psychologically or financially.
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Assuming all of that is correct, shouldn't that be her decision to make?
 
I have to admit I could care two figs about her or her dad.
 
I don't care what happens to Brittany, however I do find it extremely offensive that a US citizen can be essentially enslaved for 13 years like this, it should have never gone on for this long.

The whole case should be examined by somebody with the ability to fix this kind of shit.
 
Climber said:
I don't care what happens to Brittany, however I do find it extremely offensive that a US citizen can be essentially enslaved for 13 years like this, it should have never gone on for this long.

The whole case should be examined by somebody with the ability to fix this kind of shit.
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This happens more than you realize. Once you're in conservatorship, you're basically a non citizen with extremely limited rights, whose day to day life is under the control of another.
 
if anyone wants to go read the article they'll find this:

Spears told a judge earlier this summer that her conservators forced her to work against her own will, even though she pleaded to take a break from touring. Rosengart had questioned why a conservatee would be forced to work, especially when they don’t have to work. After all, she has a $60 million fortune — one that Rosengart says has been dissipated under her father’s mismanagement.
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Rosengart is Brittney's chosen attorney... i'm going to guess that "dissipated under her father's mismanagement" is code for various forms of embezzlement and shitty decision making. i'm further going to guess that there won't be any meaningful legal consequences for mr spears.
 
afm199 said:
This happens more than you realize. Once you're in conservatorship, you're basically a non citizen with extremely limited rights, whose day to day life is under the control of another.
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Aren't most of the cases End of Life situations where the person under conservatorship is experiencing reduced capacity and ability to make proper decisions so they're 'protected' for their own good?

How often does it happen to somebody in their 20's with it lasting this long?

I could see the reason for a 2-5 year stint of it when somebody has abused drugs and not thinking straight to make decisions, but 13 years, especially with somebody who is functioning at a high enough level to be making the kind of money she makes.
 
Climber said:
Aren't most of the cases End of Life situations where the person under conservatorship is experiencing reduced capacity and ability to make proper decisions so they're 'protected' for their own good?

How often does it happen to somebody in their 20's with it lasting this long?

I could see the reason for a 2-5 year stint of it when somebody has abused drugs and not thinking straight to make decisions, but 13 years, especially with somebody who is functioning at a high enough level to be making the kind of money she makes.
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It happens to poor twenty year olds a lot more than wealthy ones, lol. When kids are in the flush of their hormonal times, they can't always make good decisions. They can and do get caught in conservatorships.


A friend of mine, Dick Price, had this happen to him. His dad got him committed for marrying someone dad didn't like. Google the name.
 
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afm199 said:
A friend of mine, Dick Price, had this happen to him. His dad got him committed for marrying someone dad didn't like. Google the name.
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Did you just prove your point by citing something that happened in 1955?

:afm199
 
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