It’s been about eight years since Britney Spears experienced her infamous (and extremely public) breakdown, and while she’s improved dramatically ever since and seems to be back to living a relatively “normal” life (within the scope of fame, obviously), no one really trusts her yet to fully go it alone, particularly when it comes to finances. Her father Jamie Spears has controlled Britney’s money since January 2008, and it doesn’t look like that conservatorship is going to end any time soon. In fact, it likely never will.
We’re told there are no plans to end the conservatorship, even in the long term, and no one involved is complaining. As TMZ and every other media outlet reported, Britney was so bad off at the end of 2007 her family was in fear she would die.
After she was taken to the hospital on a psych hold, her dad, Jamie Spears, went to court and a conservatorship was established in January 2008. There are actually 2 conservatorships … one for the person, and one for finances.
Fact is … the conservatorships have worked remarkably well. Britney — who at her worst was on the verge of losing permanent custody of her kids — is now by any standard a great parent. Jamie and Britney’s doctors have stabilized her to the point she can successfully work and maintain a personal life.
As for the financial conservatorship, it has been a huge success. Last year alone the conservatorship raked in $14 million, and that’s only a portion of Britney’s financial machine. As one source said, before the conservatorship her finances were an absolute mess, and the ship has been fully righted.
We’re told Britney — who has a team of lawyers and doctors, along with Jamie, managing the conservatorship — has “substantial day-to-day freedom” to make her own decisions.
Short story … if the conservatorship were to end, there would be significant risk she could backslide. The plan is to continue the conservatorship indefinitely … because it works.
I think in these situations, there’s always the concern that people are going to take advantage of her – and yeah, I know Jamie is Britney’s father, but money does nasty things to people, so no one is beyond skepticism. However, if it really is working for them and it truly is for Britney’s safety (and frankly, I think it’s probably warranted in this case), then that’s fair enough.
That being said, if anyone was THAT concerned for the mental health (and emotional, obvs) of someone, maybe they wouldn’t be pushing her to continue being famous. She’s got more than enough money to last her and her children a lifetime comfortably, so… I’m not really feeling that. Someone that’s mentally ill and needs a cocktail of medications to remain stable isn’t really a prime candidate for Hollywood.