The Business of Britney Spears Why a Lifetime Conservatorship Is Not Unusual If it isnt broken, dont fix it Yes, according to court records it appears that Britney Spears remains under personal and financial conservatorships more than seven years after her father, Jamie Spears, and lawyer, Andrew Wallet, were placed in charge of both her well being and her estate in early 2. But will it ever endE Online Your source for entertainment news, celebrities, celeb news, and celebrity gossip. Check out the hottest fashion, photos, movies and TV shows E Entertainment Television, LLC. A Division of NBCUniversal with news, shows, photos, and videos. Opinion 6192017 600AM 1,883 views The Price Of Ignoring Human Rights Lost Credibility, Brutal Allies And New Enemies. YTyTV5P.jpg' alt='Watch Lost On Purpose Online Forbes' title='Watch Lost On Purpose Online Forbes' />And should it Both questions are up for debate again after a recent report by TMZ that claims theres no end in sight. Heres how we got to this point Spears was first placed under a temporary conservatorship in February of 2. Ronald Reagan UCLA Medical Center. Eight months later, her father and Wallet became the singers official, full time co conservators. It had been a rough couple of years for her leading up to that point. Mediagazer presents the days mustread media news on a single page. Rachel Bloom Reveals How She Overcame Depression Sleep Anxiety Chaz Bono Reveals He Took The Cast Of American Horror Story To A Cher Concert. BibMe Free Bibliography Citation Maker MLA, APA, Chicago, Harvard. Did Steve Mnuchin and his wife use a government plane to get a better view of the eclipse Ethics watchdog asks for documents revealing costs and purpose of the trip. After a major public breakup with longtime boyfriend Justin Timberlake and a quickie marriage and annulment in Las Vegas to a childhood pal, Spears wed her backup dancer, Kevin Federline, in the fall of 2. Two years, two kids and one reality show train wreck later, Spears filed for divorce citing irreconcilable differences. Around that time, she also split from longtime manager Larry Rudolph and began working with Sam Lutfi. Months later, the singer was photographed shaving her own head at a Tarzana, Los Angeles, hair salon. Tabloid headlines blared Britney Hits Rock Bottom and Britney in Crisis as photographers trailed her every erratic move. Around that same time, Spears performed a lackluster rendition of Gimme More at the MTV Video Music Awards designed to be her big comeback and released her fifth album, Blackout, which was critically acclaimed but largely overshadowed by her personal struggles. By the end of 2. 00. Spears had begun a seemingly troubled relationship with paparazzo Adnan Ghalib. The drama came to a head in January 2. Spears and Federline continued to escalate, with Federline being awarded sole legal and physical custody of the children. Spears visitation rights were suspended. Now, TMZ reports that there are actually no long term plans to terminate the conservatorship. The website also reported that Spears conservatorship had 1. Spears has substantial day to day freedom to make decisions, and that she is now stabilized enough to be capable of successfully balancing work and her personal life. While theres no doubt that Spears career was booming in the late 1. A list Spears personal life began moving back on track as she and ex husband Federline reached an agreeable custody settlement in July 2. Watch Man Hunt Online Full Movie. Later that year, she set her sights on rebuilding her public image through the promotion of her album, Circus. In fact, since the conservatorship was put in place, while there have been mixed reviews critically, shes consistently been successful and busy. Since 2. 00. 8, Spears has released three albums, done two world tours, scored a mentoring gig on The X Factor one season, reported 1. Las Vegas residencies, and renewed her contract with RCA Records. Not to mention the continued growth of an empire that includes a perfume and lingerie line in her name and a few high profile, but overall less dramatic, romances. This year, Spears landed at No. Forbes annual list of the 1. Highest Paid Celebrities with 3. More importantly, the stars children Sean Preston, now 9, and Jayden James, 8 appear to be spending a significant amount of time with their mother. Theyre staples on Spears Instagram account, from behind the scenes rehearsal shots, to family photos on the beach, to shaky cam videos of their skateboarding achievements with a delighted mama squealing in the background. Spears young boys seem to be her favorite subjects. And were it not for the handful of hearings each year that spark blaring headlines and serve as a constant reminder that legally, Britney Jean Spears is as much a business as an emancipated person, one could be forgiven for forgetting about the conservatorship entirely. Promoting her Piece of Me residency in Las Vegas last year, Team Spears put forth a unified front for her Variety cover story. The headline Britney Spears Directs Clear Vision of Her Billion Dollar Empire. Ive been very hands on with everything Ive done since I had my children, she told the mag. And its just really important for me to understand the big picture, where everybodys coming from, whats the real purpose of this shoot and this song, or whatever it is in that moment that Im doing. Its important to learn to say no. With tours and all of that stuff, there are so many aspects that go into it, its easy to have so many people around you saying, oh yes, yes, you can afford this, you can afford this, and then all of the sudden youve spent 2. You have to make sure that youre on top of things and know where the moneys going. For what its worth, Spears cash flow isnt on too short a leash literally. According to that same TMZ financial report, Spears allegedly dropped more than 2. Team Spears issued a similar message through a less than revealing docu series on Spears preparations for her big budget Planet Hollywood show, which aired on EDecember 2. Producers of the two hour special, titled I Am Britney Jean, seemed determined to show that she was in control though she appeared anything but. In a review of the broadcast, Vulture described one exchange between Spears and her longtime manager Larry Rudolph in which the performer stands up for what she believes is the right decision for the show as wooden and as rehearsed as her choreography. Spears lawyer a Los Angeles based industry leader in handling trusts, estates and conservatorships did not respond to requests for comment on this story, but he did speak with ETs sister show The Insider in late 2. Amanda Bynes case. Wallet does not represent Ms. Bynes, but was speaking generally about the laws of conservatorship as a whole. In the interview, Wallet explained the difference between a long term probate conservatorship and an LPS Lanterman Petris Short, or mental health conservatorship, which expires automatically after one year and would require court approval for renewal. A 5. 15. 0 hold is one kind of LPS. In the probate court, you can have long term permanent conservatorship of the person, in other words, make medical decisions for that person. When you have someone on a 5. Wallet added. You want to have an LPS to deal with the particular kinds of meds that the person needs at that point, and you want to deal with their finances and their other medical decisions in the probate court. Wallet said that it was not unusual to have a probate conservatorship last for the lifetime of the conservatee, while the LPS conservatorship should be temporary. What I find works typically is to keep them both going until you have gotten stabilization of the conservatee and theyve gotten their meds handled, theyre no longer psychotic. Theyre able to talk to you, theyre much more rational. It doesnt mean theyre OK, but it means theyre much better in terms of not needing that kind of oversight and then you can let the LPS conservatorship go, he explained. Once theyve gotten stabilized, keep the probate conservatorship so you can still handle their med needs, their doctors, whatever, and you can also keep track of and handle take control over their finances, he continued.