Bessemer Trust has asked to resign one day after Los Angeles Superior Court Judge Brenda Penny appointed the wealth management firm as co-conservator of Britney Spears’ $60 million estate, an appointment originally made in November 2020 that only became official the day before.

Bessemer Trust cited “changed circumstances” after Spears’ momentous testimony at a hearing last week, during which she termed the conservatorship “abusive,” in court records acquired by CNN on Thursday.

“The Conservatee claimed irreparable harm to her interests in her testimony and, more specifically, the Conservatee’s objection to the continuation of the voluntary Conservatorship and her desire to terminate the Conservatorship,” the Bessemer Trust petition read, as quoted by CNN. “Petitioner has heard the Conservatee and respects her wishes.”

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Spears’ plea to have her father, Jamie Spears, dismissed from his present post as co-conservator of her estate, which he has held since 2008, was refused by Judge Penny on Wednesday.

Two people close to the singer told CNN on Tuesday that her attorney, Samuel D. Ingham III, is preparing to file a petition to end the almost 13-year conservatorship.

In the meantime, Spears’ father has asked the judge to investigate his daughter’s accusations against him.

In response, Jodi Montgomery, Spears’ interim conservator for health and medical choices, issued a statement through her lawyers.

“Ms. Montgomery looks forward to presenting a comprehensive Care Plan to the Court setting forth a path for termination of the conservatorship for Britney, and Ms. Montgomery looks forward to supporting Britney through that process,” her statement read in part, as quoted by CNN.

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The case’s next hearing is slated for July 14.