While Britney Spears struggles to get her personal life back in order, there are also serious questions about the status of her fortune, which one former financial adviser estimated as being in the $50 million range.
On February 1, her estranged father was named co-conservator along with Andrew M. Wallet, a lawyer brought in in part to dispel the notion that her family is making a run at her money. This came when Britney was involuntarily committed.
But as the New York Times reports, it's even more complicated than that: "Another team of lawyers was hired for the conservators and quickly set out to assess the financial damage. Yet another lawyer was appointed by the probate court, as is routine, to look out solely for Ms. Spears's interests. Ms. Spears's brother Bryan, along with a lawyer, were given control of her revocable trust, which contains all her liquid assets, so they could begin paying her bills. And Ms. Spears's criminal lawyer, Blair Berk, was said to be overseeing the whole Humpty Dumpty-like effort."My favorite part is this: her sister's teen pregnancy along with Britney's life have put a stop to their mother's book deal -- about parenting.
Britney's six-figure a month spending habit is eating into her estate considerably as well.
I've been arguing with friends for months about her finances. I've wondered how much of a mess it must be, given that the former teen star is a complete trainwreck. While she appears to have plenty of room left to save things before she's in serious financial trouble, burning through $50 million seems to be easier than most of us who don't have that much would think. Just ask M.C. Hammer, who recently gave her some advice in an interview with TMZ.
Britney Spears' financial life gets a little more complicated