2021.06.29 Order Appointing Bessemer Trust Co-Conservator

Electronically FILED by Superior Court of California, County of Los Angeles 06/30/21 Sherri R. Carter, Executive Officer/Clerk.
k. By Pereyra, Joseph , Deputy Clerk

Received: 6/25/2021 7:34 AM
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CONSERVATORSHIP OF BRITNEY JEAN SPEARS
Los Angeles Superior Court Case No. BP 108 870
Attachment To ORDER APPOINTING PROBATE CONSERVATOR
24. Independent Powers
JAMES P. SPEARS and BESSEMER TRUST COMPANY OF CALIFORNIA, N.A.

as co-conservators of the estate are granted the following
independent powers as set forth in Probate Code §§2590 et seq., to
be exercised jointly by them:
(1) The power to operate at the risk of the estate a business,

farm, or enterprise constituting an asset of the estate.
(2) The power to pay, collect, compromise, or otherwise adjust

claims, debts, or demands upon the conservatorship described in
subdivision (a) of §2501, §2502 or 2504, or to arbitrate any
dispute described in §2406.
29. Additional Orders
a. JAMES P. SPEARS and BESSEMER TRUST COMPANY OF CALIFORNIA,

N.A. as co-conservators of the estate are granted the following
additional powers in addition to the powers otherwise provided by
law, to be exercised jointly by them:
(1) The power to obtain all documents and records

relating to the Conservatee and her assets, whether held in her
name or in the name of another, all contracts, information relating
to credit cards, bank statements, estate planning documents,
receivables, and any and all powers of attorney.
(2) The power to take all actions necessary to secure the

Conservatee's assets.
(3) The power to revoke all powers of attorney, including

powers of attorney for making health care decisions and managing
real estate, and to terminate any and all agencies.
(4) The power to commence and maintain litigation and

participate in any litigation with respect to which the Conservatee
is a party or has an interest, and the power to retain counsel and
experts, and to pay same from the Conservatorship Estate, not only
as to the family law case but for any other matter.
(5) The power to perform any and all acts that the
Conservatee can perform (whether as an individual or in a represen-
111357 v5 Page 1 of 3
tative capacity) with respect to the local, state, or federal tax
liabilities of the Conservatee or any entity, trust or foundation
in which the Conservatee acts in a representative or ownership
capacity (collectively referred to as "Conservatee and related
entities"), including but not limited to the power to receive and
inspect confidential tax information, receive, and endorse or cash
refund checks; sign any and all tax returns, whether income,
corporate, employment, partnership, or otherwise; execute a Form
2848; represent the Conservatee and related entities before all
taxing authorities, participate in audits; exercise the rights of
the Conservatee and related entities to protest and appeal
assessments; pay amounts due to the appropriate taxing authority,
execute waivers, tax returns, consents, closing agreements, and
similar documents related to the tax liability of the Conservatee
and related entities; participate in all procedural matters
connected with the tax liability of the Conservatee and related
entities; exercise any elections that may be available to the
Conservatee and related entities under applicable state or federal
tax laws or regulations; to substitute another representative; to
request disclosure of tax returns or return information to a third
party; and to perform any other acts described in California
Probate Code §4463, except those acts that conflict with or are
limited by a more specific provision in this Power.
(6) The power to prosecute civil harassment restraining

orders deemed to be appropriate.
(7) The power and authorization to pursue opportunities

related to professional commitments and activities including but
not limited to performing, recording, videos, tours, TV shows, and
other similar activities as long as they are approved by the
conservator of the person and the Conservatee’s medical team.
(8) The power to select, invest in and monitor the

particular investment vehicles for the conservatorship estate, as
well as the strategies utilized in the investment of the assets of
the conservatorship estate, consistent with the prudent investor
rule and applicable law, giving due consideration to, but not being
bound by, the portfolio allocations of the Conservatorship estate
as set forth in prior orders of this Court.
(9) The power to employ attorneys, accountants, agents,

depositories, and employees and to pay the expenses.
(10) The power to contract for the conservatorship and

perform outstanding contracts and thereby bind the estate,
including asserting or waiving confidentiality agreements.
111357 v5 Page 2 of 3
(b) The Conservators are ordered to file an accounting no
later than Tuesday, March 1, 2022. An Order To Show Cause Hearing
Re: Accounting is set on Friday, April 1, 2022 at 8:30 a.m. in
Department 4 of this Court.
(c) The conservatee’s request to suspend JAMES P. SPEARS

immediately upon the appointment of BESSEMER TRUST COMPANY OF
CALIFORNIA, N.A. as sole conservator of estate is denied without
prejudice.
(d) The conservatee’s request for an order directing JAMES P.

SPEARS, TRI STAR SPORTS & ENTERTAINMENT GROUP and MICHAEL KANE to
deliver the entire conservatorship estate together with all books
and records forthwith to BESSEMER TRUST COMPANY OF CALIFORNIA, N.A.
as sole conservator of the estate is denied without prejudice.
APPROVED AS TO FORM AND CONTENT:
FREEMAN,
N, FREEMAN & SMILEY
SMILE LLP HOLLAND & KNIGHT LLP
By:____________________________
_________
____________ By:__________________________
:____
__ ___
____
__ ______
Attorneys
s for
eys fo
fo r JAMES
or JAMES P. SPEARS,
S Attorneys
torneys For
For JAMES
J P. SPEARS,
Co-Conservator
servat
attor of the Estate
Es Co-Conservator of the Estate
JONES SWANSON HUDDELL & GARRISON GINZBURG & BRONSHTEYN, APC

LLC
By:____________________________ By:_________________________
Attorneys For LYNNE SPEARS Attorneys For LYNNE SPEARS
LOEB & LOEB LLP
By:____________________________
DAVID C. NELSON
Associated Counsel For
BRITNEY JEAN SPEARS
Dated:
SEE LAST PAGE

____________________________
BRENDA J. PENNY
Judge of the Superior Court
111357 v5 Page 3 of 3
(c) The conservatee's request to suspend JAMES P. SPEARS

immediately u pon the appointment of BESSEMER TRUST COMPANY OF
prejudice.
(d) The conservatee's request for an order directing JAMES P.

FREEMAN, FREEMAN & SMILEY LLP HOLLAND & KNIGHT LLP
By: _ _ _ _ _ _ _ _ _ _ _ _ __ By: _ _ _ _ _ _ _ _ _ _ _ __
Attorneys for JAMES P. SPEARS, Attorneys For JAMES P. SPEARS,
Co-Conservator of the Estate Co-Conservator of the Estate

LLC
By~
At t nysFoLYNNSPEARS
/ By: _ _ _ _ _ _ _ _ _ _ _ __
Attorneys For LYNNE SPEARS
LOEB & LOEB LLP
By: _ _ _ _ _ _ _ _ _ _ _ _ __
DAVID C. NELSON
BRITNEY JEAN SPEARS
Dated:
SEE LAST PAGE
BRENDA J. PENNY
111357 v5 Page 3 of 3

prejudice.

By:____________________________ By:__________________________

LLC
By:____________________________ By:_________________________
LOEB & LOEB LLP
By:____________________________
DAVID C. NELSON
BRITNEY JEAN SPEARS
Dated:
SEE LAST PAGE

____________________________
BRENDA J. PENNY
111357 v5 Page 3 of 3

prejudice.

By:____________________________ By:__________________________

LLC
By:____________________________ By:_________________________
LOEB & LOEB LLP
By:____________________________
DAVID C. NELSON
BRITNEY JEAN SPEARS
Dated:
____________________________
BRENDA J. PENNY
111357 v5 Page 3 of 3

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Electronically FILED by Superior Court of California, County of Los Angeles 06/30/21 Sherri R. Carter, Executive Officer/Clerk.

k. By Pereyra, Joseph , Deputy Clerk

Thry 9 Dtuh DDD @ %%!&(

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7SDUI@` E@6I TQ@6ST

Attachment To ORDER APPOINTING PROBATE CONSERVATOR

24. Independent Powers

JAMES P. SPEARS and BESSEMER TRUST COMPANY OF CALIFORNIA, N.A.

(1) The power to operate at the risk of the estate a business,

(2) The power to pay, collect, compromise, or otherwise adjust

29. Additional Orders

a. JAMES P. SPEARS and BESSEMER TRUST COMPANY OF CALIFORNIA,

(1) The power to obtain all documents and records

(2) The power to take all actions necessary to secure the

(3) The power to revoke all powers of attorney, including

(4) The power to commence and maintain litigation and

(6) The power to prosecute civil harassment restraining

(7) The power and authorization to pursue opportunities

(8) The power to select, invest in and monitor the

(9) The power to employ attorneys, accountants, agents,

(10) The power to contract for the conservatorship and

(c) The conservatee’s request to suspend JAMES P. SPEARS

(d) The conservatee’s request for an order directing JAMES P.

APPROVED AS TO FORM AND CONTENT:

JONES SWANSON HUDDELL & GARRISON GINZBURG & BRONSHTEYN, APC

LOEB & LOEB LLP

SEE LAST PAGE

(c) The conservatee's request to suspend JAMES P. SPEARS

(d) The conservatee's request for an order directing JAMES P.

APPROVED AS TO FORM AND CONTENT:

FREEMAN, FREEMAN & SMILEY LLP HOLLAND & KNIGHT LLP

JONES SWANSON HUDDELL & GARRISON GINZBURG & BRONSHTEYN, APC

LOEB & LOEB LLP

SEE LAST PAGE

(c) The conservatee’s request to suspend JAMES P. SPEARS

(d) The conservatee’s request for an order directing JAMES P.

APPROVED AS TO FORM AND CONTENT:

FREEMAN, FREEMAN & SMILEY LLP HOLLAND & KNIGHT LLP

JONES SWANSON HUDDELL & GARRISON GINZBURG & BRONSHTEYN, APC

LOEB & LOEB LLP

SEE LAST PAGE

(c) The conservatee’s request to suspend JAMES P. SPEARS

(d) The conservatee’s request for an order directing JAMES P.

APPROVED AS TO FORM AND CONTENT:

FREEMAN, FREEMAN & SMILEY LLP HOLLAND & KNIGHT LLP

JONES SWANSON HUDDELL & GARRISON GINZBURG & BRONSHTEYN, APC

LOEB & LOEB LLP

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