Tuesday, March 11, 2008

Allowances Made for Britney

The following italicized article is from www.eonline.com:

New to the Britney Spears payroll: Britney Spears.

A court commissioner on Monday approved a $1,500 weekly allowance for the beleaguered pop princess, whose financial affairs have been under the temporary control of her father and his attorneys for a month and a half.

The "Toxic" singer, whose estate is reportedly worth an estimated $100 million, will have access to the cash via debit card to "enjoy herself, have some freedom of choice," Geraldine Wyle, an attorney with Luce Forward, the firm overseeing Jamie Spears' conservatorship, told E! News.

Jamie Spears is getting $2,500 a week from his daughter's estate, plus funds to lease a car, in exchange for temporarily managing her affairs.


At the second Britney-related hearing of the day, the first being a face-off over custody-related attorneys' fees that took place in the morning, Los Angeles Superior Court Commissioner Reva Goetz also approved a release of $135,000 from Britney's accounts to pay bills, compensate specialty attorneys hired to help oversee the singer's affairs and to fund an ongoing audit of Jive Records, her longtime label.

Attorney Jorge Hernandez will receive a $25,000 retainer to be on hand to consult on all questions pertaining to the conservatorship, while entertainment lawyer Tom Hansen has been booked for $15,000 a month to consult on Britney's career-related deals and contracts (including, apparently, her upcoming guest appearance on How I Met Your Mother).

Read more here!

Source: E! Online

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