Lindsay Lohan’s troubles aren’t just personal—they’re monetary as well. And now we hear she may be placed under a Britney-like conservatorship to protect her finances.
"I've learned of a plot to put Lindsay under a conservatorship," he said. "It's disturbing... the co-conservators would be Dina and Lindsay's business manager, Lou Taylor."
You may recall that Taylor helped put Britney Spears under the conservatorship of her father Jamie Spears back in 2008. He came on board just over three months ago when Lindsay was first sentenced to jail.
Michael added, "Lou and Dina are trying to throw Lindsay in a rehab right now and get her out of the picture so they can get a conservatorship without her knowing.
"They would control literally everything Lindsay does, what projects she has coming up, her finances and the people she sees-and that includes keeping me out of her life. I hope Lindsay hears this and realizes what they're trying to do."
Michael said he learned of Dina's plan from "attorneys very close to Dina and Lindsay" and "people he knows who deal with conservatorships."
Michael is angry because he says he wanted to do this for his daughter months ago, but was denied the opportunity. "I never wanted to get control of her finances," Michael said.
"I wanted a conservatorship for her so that I could weed out the bad people in her life. The way Dina and Lou want to do it is to get a conservatorship, line up a bunch of projects for Lindsay when she gets out of rehab, make a lot of money off of them so they can control it and make their due."
Michael says he plans on fighting his wife on this in court. "I'm leaving that up to the courts to decide. But of course, I'm Lindsay's father. I have only her best intentions at heart."
We think he’s just mad that he thought of this first a few months ago, and no one gave him the time of day!
Regardless of who is in charge of the conservatorship, we think Lindsay definitely needs to be placed under one!