The subject of Britney Spears' conservatorship is getting bigger and more parties are becoming involved. Recent reports say the private, independent multifamily office that oversees more than $140 billion for 2,500 families, foundations and endowments, the Bessemer Trust is dropping out of the singer's court-approved agreement.
According to TMZ, the trust has filed the required documents to end its role. Bessemer claims Spears was on board the deal when it agreed to be a part.
It claimed the entertainer signed off on the company and the files. After hearing of Spears' desire to end her conservatorship Bessemer decided to finish the deal.
Bessemer said it never assumed the role of joint conservator because the required paperwork was never filed. It said it had done nothing and would continue not to.
Spears has a conservator for her estate, her father Jamie Spears. A judge appointed Bessemer to be joint conservator.
But it is leaving before that role becomes active. Sources with direct knowledge of the matter say the institution doesn't want to get involved because it is alarmed by the arguments surrounding the issue.
Another insider said Bessemer feels the events surrounding Spears' conservatorship have become a "hornet's nest." In addition to not wanting to deal with Spears' father it has issues with the singer-songwriter's lawyer, Sam Ingham.
Meanwhile, The New York Post said a group of Republican House members invited Spears to talk to Congress about her conservatorship. They believe her fight might influence a new policy that might give hope and inspire many.
Representatives Matt Gaetz, Marjorie Taylor Greene, Burgess Owens and Andy Biggs signed the invitation. They said there was "obvious financial, emotional and psychological abuse" that Spears experienced at the hands of her conservators.
They might use her testimony to "advance social, political and criminal justice reform."
"You have been mistreated by America's legal system. We want to help," the letter said. "Your story is so powerful, and the admiration of your achievements so great, you (and perhaps only you) can blow that door wide-open - giving hope to millions."
Spears has failed to remove her father as conservator.
