The man in charge of Britney Spears' estate has revealed a shocking bombshell about the star. According to documents obtained exclusively by RadarOnline.com, he not only kept the pop star's various investments afloat, but also protected her from succumbing to drugs and other temptations during her Las Vegas residency.
Attorney Andrew Wallet, who is the co-conservator to Spears' estate, argued that because he essentially saved Spears and her Trust from financial ruin, he should be compensated to the tune of $426,000 a year!
Wallet said he has watched over 36-year-old Spears' finances and various business dealings for more than a decade and was instrumental in bringing "stability and leadership" to the singer's various ventures. According to the affidavit filed on October 15, Wallet said he kept "literally hundreds of people" in check — vendors, drivers, dancers, hair stylists, performers and many others — many whom could allegedly "bring financial disaster by providing illegal substances to the Conservatee."
"By way of example, and not by way of limitation, at the planning stages of the Circus Tour, the Declarant instructed entertainment counsel to spread the risk of the Conservatee failing to fulfill her duties on tour because of some third party providing illegal substances," Wallet added in his declaration. "The financial stakes were high, and failure was not an option."
Wallet said the same temptations continued in Spears' Las Vegas residency. Wallet also argued since he was brought on as co-conservator, Spears' estate has increased to the value of $20 million.
"At the beginning of the conservatorship, the estate was nearly out of fund and cash equivalents," Wallet said in the affidavit. "The estate and person of the conservative were in total chaos with tremendous liabilities. The problems were of epic proportions over a period of years. Extraordinary skills have been employed by all in order to achieve the results enjoyed at the present time. Petitioner has had many months at a time where all of his professional time was spent in services rendered exclusively to the conservative."
Wallet also asked the judge for an order to seal the pleadings related to his compensation.
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