Is Britney Spears Ready to Stand on Her Own? by Serge F. Kovaleski and Joe Coscarelli

It is hard to think of pop star Britney Spears without certain images coming to mind. Some are tame, like her dressed as a school girl in her famous “Hit Me Baby One More Time” music video; while others paint quite a different picture, most notably her public breakdown in 2008. Since then, Spears’ life has been controlled by a court approved conservatorship. Kovaleski and Coscarelli discuss her current struggles and legal progress in their article, noting:

Ms. Spears’s team presents her onstage as fully in control, and backstage, as the mastermind of her show, an artist in top form. But that view seems at odds with the conclusions routinely drawn about her at probate court in Los Angeles, where an undisclosed mental illness and substance abuse led her family to take action in 2008.

Since then, Ms. Spears’s life has been controlled by a court-approved conservatorship, known in other states as a guardianship, designed for people who cannot take care of themselves.

According to the arrangement, which is typically used to protect the old, the mentally disabled or the extremely ill, Ms. Spears cannot make key decisions, personal or financial, without the approval of her conservators: her father, Jamie Spears, and a lawyer, Andrew M. Wallet. Her most mundane purchases, from a drink at Starbucks to a song on iTunes, are tracked in court documents as part of the plan to safeguard the great fortune she has earned but does not ultimately control.

While the conservators are widely credited with rescuing Ms. Spears’s career — and her life — her apparent stability and success could belie the need for continuing restrictions.

Read the full story here: Is Britney Spears Ready to Stand on Her Own?

Posted by Allison Trupp, Associate Editor, Wealth Strategies Journal