Britney Spears Grounded!
Britney’s parents finally stepped in and took control of their out of control daughter’s future and she’s grounded until at least Monday. And, its about time!
Brit’s a perfect example of what happens when kids get control of big money too young and why you want to make sure you’ve set up your estate plan for your kids to make sure they never get outright control of the money you’ll leave behind for them too early.
Almost universally, when setting up trusts for their kids, my clients don’t give their kids the possibility of financial control over family wealth until they are over the age of 30 because they know what could happen when kids’ get control too soon.
The Spears’ family didn’t have that option because Britney earned her money, so the day she turned 18, Britney had no restriction on how to use her money. Less than 8 years later, she’s spiraled out of control and while she may have plenty of money left still, she may never get to enjoy it if she doesn’t learn the lessons her parents didn’t have the chance to teach her while she was busy becoming a superstar. I hope her parents will have the fortitude to get her back on track.
Yesterday, Brit’s dad took the first step by filing for conservatorship over Britney’s person and her estate.
What does this mean?
By being appointed as the conservator of Britney’s person, dad Jamie is given the right to control who gets to see her and where she goes, plus he can get access to her medical records and depending on the paperwork filed, he could also get the right to make medical decisions for her.
As co-conservator of her estate (with lawyer Andrew M. Wallett), Jamie now controls access to Britney’s credit cards and bank accounts.
Effectively, Jamie Spears is back in control of his daughter’s financial and physical well-being. He’s been given the legal authority to be a dad again and ground her.
The conservatorship is temporary until Monday, but I have to imagine it will extended. This is certainly a case where it’s needed.
Brit’s grounded for now and let’s hope that the Judge sees how much this girl needs her parents back in the driver’s seat for a while.
Don’t worry Brit, I was grounded for 3 months when I was 14 and it was the best thing that ever happened to me. Your parents are doing this because they love you and as soon as you get that, you can start to turn your life around too. It’s not too late.
© 2008 Alexis Martin Neely
WANT TO USE THIS ARTICLE IN YOUR E-ZINE OR WEB SITE? You can, as long as you include everything in quotes with it: “Written by Alexis Martin Neely, mom, writer, speaker and Personal Family Lawyer. Alexis makes it super easy for your family to talk about and plan for sticky subjects like money, death and taxes. Get Alexis’ humorous, enlightening, and often quite revealing “Wealth Secrets” at: www.FamilyWealthMatters.com.”
[...] Catherine Morgan wrote an interesting post today onHere’s a quick excerptThe Spears’ family didn’t have that option because Britney earned her money, so the day she turned 18, Britney had no restriction on how to use her money. Less than 8 years later, she’s spiraled out of control and while she may have … [...]
February 2nd, 2008 | #
[...] Admin wrote an interesting post today on Britney Spears Grounded!Here’s a quick excerptThe Spears’ family didn’t have that option because Britney earned her money, so the day she turned 18, Britney had no restriction on how to use her money. Less than 8 years later, she’s spiraled out of control and while she may have … [...]
February 2nd, 2008 | #
[...] Catherine Morgan wrote an interesting post today onHere’s a quick excerpt [...]
February 2nd, 2008 | #
[...] Catherine Morgan wrote an interesting post today onHere’s a quick excerptThe Spears’ family didn’t have that option because Britney earned her money, so the day she turned 18, Britney had no restriction on how to use her money. Less than 8 years later, she’s spiraled out of control and while she may have … [...]
February 2nd, 2008 | #
too bad
February 3rd, 2008 | #
But i think the most important thing is: I hope her Dad and Mom can help her out before her getting crazy. I support her and hope she will pull through. She has not logged in that millionaire site Richromances.com for a long time. God bless!
February 3rd, 2008 | #
[...] The other day I told you that Britney’s dad had been appointed as conservator of her person and co-conservator of her estate, which means dad’s now in control of what Britney can do, who she can see, and he’s controlling all access to her bank accounts and credit cards. [...]
February 7th, 2008 | #
[...] case has no lessons from you, you’ll be surprised when you read this week’s article - check it out below. Digg This! • Email This • Add to del.icio.us • Subscribe to this feed [...]
February 8th, 2008 | #
Really well writing and informative article. Britney is BEST!!!!!!! I can’t wait to see you in London!
August 29th, 2009 | #
article. Britney is BEST!!!!!!! I can’t wait to see you in London!
August 29th, 2011 | #
To see a world in a grain of sand, And a heaven in a wild fllower, Chanel handbagHold infinity in the palm of your hand, And eternity in an hour.
The pure.the bright,the beautiful,That stirred our hearts in youth,The impulses to wordless prayer,The dreams of love and truth;The longing after something’s lost,The spirit’s yearning cry,The striving after better hopes-These things can never die.Adidas shoesThe timid hand stretched forth to aid A brother in his need,A kindly word in grief’s dark hour That proves a friend indeed ;The plea for mercy softly breathed,When justice threatens nigh,The sorrow of a contrite heart- These things shall never die. Let nothing pass for every hand Must find some work to do ;LV handbag Lose not a chance to waken love- Be firm,and just ,and true; So shall a light that cannot fade Beam on thee from on high.And angel voices say to thee—These things shall never die.
September 4th, 2011 | #
nice post thank you very much
September 16th, 2011 | #
“Young acknowledged the job ofWilson, cheap nfl cycling jerseys whom gave up the two operates within the 1st inning but followed by investing in sixscoreless innings.
Birkenstock boston Red Sox JerseysThat at the very least provided the actual Ranger a chance to revisit.”This video game Washington Excellent Tops was allabout H.J. ??they did Sports Jerseys
a great job,” Young explained.MLB Jerseys”That’s the thingabout like a starter,Inch Wilsonsaid.
October 19th, 2011 | #
creating a niche for themselves supplying environmentally footwear at a
October 27th, 2011 | #
Even TELEVISION FOR COMPUTER stars often wear all these on training videos or projects. Jersey is actually a common entity for anyone kind with sports. Many physical activities organizations plus bodies have their standard jerseys that is certainly their popularity symbol.
November 23rd, 2011 | #