Prudent Planning

February 19, 2008

Britney’s Family Takes Control

Filed under: Basic Estate Planning, planning — Michael Smith @ 6:28 pm
Tags: , , , ,

I don’t usually pay much attention to pop culture, except when it intersects with estate planning.  Britney Spears’ recent problems did not even register on my radar until I stumbled across this article which indicates that Britney’s family has taken over management of her affairs through a conservatorship.  A conservatorship is a probate proceeding to appoint a petitioner (who is usually a family member or other responsible party) to manage financial matters for an incompetent adult (in Georgia anyway).  The petitioner must prove to the court through testimony and affidavits from doctors that the ward is unable to handle his or her own affairs.

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