Britney Spears’s father, Jamie Spears, said he will step down as conservator of the singer’s estate.

Jamie stated in court documents filed on August 12 that even though he thinks it is “highly debatable whether a change in conservator at this time would be in Ms. Spears’ best interest,” he will no longer be in control of her financial life.

Jamie has controlled the singer’s finances since 2008. He removed himself as the conservator of her personal affairs in 2019.

A professional fiduciary, Jodi Montgomery, is currently Brintey’s conservator concerning her personal affairs.

“Even as Mr. Spears is the unremitting target of unjustified attacks, he does not believe that a public battle with his daughter over his continuing service as her conservator would be in her best interests,” the paperwork stated. “So, even though he must contest this unjustified Petition for his removal, Mr. Spears intends to work with the Court and his daughter’s new attorney to prepare for an orderly transition to a new conservator.”

The conservatorship was placed in 2008 when the singer was hospitalized twice due to mental health issues. California Superior Court Judge Brenda J. Penny ordered last November that wealth management firm Bessemer Trust could work as a co-conservator of Britney’s estate but did not allow the singer to remove her father.

Bessemer Trust filed resignation paperwork after Britney went to court in June and claimed that her conservatorship is “abusive.” After it was approved, Jamie became the only conservator of his daughter’s finances again.

Last month, Britney’s new attorney – former federal prosecutor Mathew Rosengart – filed paperwork requesting a professional fiduciary to replace her father as the conservator of her estate, referring to the situation as a “Kafkaesque nightmare” that has become “increasingly toxic and is simply no longer tenable.”

Jamie Spears’ attorney did not comment on the filing, but had previously commented, “I don’t believe there is a shred of evidence to support my client’s suspension.”

Rosengart told ABC News in a statement on August 12 that he and his team are “pleased that Mr. Spears and his lawyer have conceded in a filing that he must be removed,” and referred to it as “vindication for Britney.”

“We are disappointed, however, by their ongoing shameful and reprehensible attacks on Ms. Spears and others,” he added. “We look forward to continuing our vigorous investigation into the conduct of Mr. Spears, and others, over the past 13 years, while he reaped millions of dollars from his daughter’s estate, and I look forward to taking Mr. Spears’s sworn deposition in the near future. In the interim, rather than making false accusations and taking cheap shots at his own daughter, Mr. Spears should remain silent and step aside immediately.”

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