Bessemer Trust is officially removed as a conservator for Britney Spears, temporarily leaving Jamie Spears as the sole conservator of her estate

• The ongoing legal battle over Britney Spears' conservatorship moved forward on Wednesday.
• A judge just granted Bessemer Trust's request to resign as coconservator of her estate.
• This leaves Jamie Spears as the sole conservator for her estate, and Jodi Montgomery in charge of her personal life.

During the latest hearing in the ongoing legal case for Britney Spears' conservatorship, a judge granted Bessemer Trust's petition to resign as one of the overseers of her financial estate.

The conservatorship, which was enacted in 2008, for Spears is divided into two branches: One oversees her estate (which includes her financial affairs and business) and the other is for her personal matters.

Prior to Wednesday's hearing, Spears' father Jamie was the coconservator of her financial estate alongside Bessemer. But the company filed paperwork on July 1 requesting to resign from the pop star's guardianship.

Bessemer Trust was appointed by the court to be a coconservator in November 2020, but had not yet started its duties, nor received any assets or taken any fees, according to The New York Times.

With Bessemer out of the picture officially, Jamie Spears is the sole overseer of his daughter's estate.

The personal branch of Spears' legal guardianship is overseen by Jodi Montgomery, who last said on July 5 that she had no intentions of resigning.

A representative for Montgomery told Insider in a statement that Spears had asked Montgomery to remain in her role as her conservator.

"Ms. Montgomery will continue to serve as a conservator for as long as Ms. Spears and the Court desire her to do so," Montgomery said in her statement provided by her lawyer.

During the hearing on Wednesday, Spears again requested for Montgomery to remain in her role as co-conservator.

This is a fast-moving legal case, which means Jamie may not remain Spears' sole financial conservator for long.

In a June 23 testimony, Spears verbally requested that the entire conservatorship come to an end. As of Wednesday, no formal paperwork has been filed to this effect. On Wednesday, Spears repeated the request and also asked for charges to be pressed against her father for abuse of conservatorship.

But Spears' previous court-appointed lawyer, Samuel Ingham, III., was granted permission to resign at Wednesday's hearing.

Spears selected Matthew Rosengart, a prominent Hollywood attorney who has represented celebrities like actor Sean Penn and famed filmmaker Steven Spielberg as her counsel, which means she could be one step closer to formally petitioning for the removal of her conservatorship.

Spears shared a harrowing testimony on Wednesday, alleging years of abuse from her father which resulted in "abandonment issues," expanding on accusations she brought up on June 23.

Rosengart asked the court on Wednesday why Jamie Spears hasn't voluntarily removed himself from the conservatorship in light of the allegations.

Last year, Spears' conservatorship was extended four times.

After the singer's explosive testimony last month, in which she called her relationship with her father "abusive," Jamie Spears responded in a statement read by his lawyer, Vulture reported.

"He is sorry to see his daughter in so much pain. Mr. Spears loves his daughter and misses her very much," Vivian Lee Thoreen said on Jamie Spears' behalf in a statement to the court, according to the report. Mr. Spears' legal team did not object to Britney's new legal representation.

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