Jamie Lynn Spears named trustee of Britney’s finances

According to new documents that have been obtained by the media, Jamie Lynn Spears was secretly named the trustee of Britney Spears’ massive trust back in 2018. That means that, should anything happen to Brit, her younger sister will be in charge of a fortune. A $59 million fortune, to be exact.Following a new filing by the women’s father, Jamie Spears, various outlets like The Blast and Us Weekly obtained documents on August 25 that reveal the younger Spears sister to be the trustee of the “SJB Revocable Trust.” That trust was set up in 2004 in order to protect Britney's funds and to financially provide for her children  in the future. At the time, the documents were signed off by then-co-conservators Jamie and Andrew Wallet.[video_embed id='2017701']RELATED: Britney Spears seeking new conservatorship[/video_embed]According to the current arrangement, while Britney is still living, she is the sole beneficiary of the trust, but when she dies, Jamie Lynn will receive “the entire principal of the Trust, including all accused and undistributed and unrealized income.” That income is in addition to any extra insurance that comes in following Brit’s hypothetical death, money that will then also be distributed to the fund.However, the new papers that were filed in the middle of Britney’s ongoing conservatorship battle show that her father is asking the court to let a financial management company create blocked accounts that will hold the singer’s assets instead. If the request is approved, that same company would also advise on all of Spears’ investments. What’s unclear is whether Jamie is asking the court to make those changes now, or if he wants them to take place in the event of Britney’s death.What fans do know is that this is only the latest twist in the nd #FreeBritney movement and ongoing court drama that began back in 2019, after Jamie temporarily stepped down as sole conservator in order to focus on his ailing health. Now Britney is fighting to have her father permanently removed as her conservator, as she wishes for her current state-appointed, licensed conservator Jodi Montgomery to remain in the position instead. She also wants a qualified financial company to serve as conservator of her estate.So where is Britney’s mom in all of this? Well, as fans may recall, Lynne Spears filed legal documents to be included in all future decisions made about the pop star’s finances (and specifically the SJB Revocable Trust) back in July. Meanwhile, Jamie made his own move on August 19 when he asked the court to re-appoint Britney’s former co-conservator, lawyer Andrew Wallet, to the role. Wallet, who stepped down from the position in March 2019, has consented to the idea in an official affidavit. The next hearing on that particular motion is scheduled to go to court on September 16.In other words? This story is far from over for the “Toxic” singer and her fam.[video_embed id='1751708']BEFORE  YOU GO: These emotionally devastating celebrity breakups still haunt us[/video_embed]