On Friday James Spears and his lawyer, Andrew Wallet, were named conservators of the Britney Spears estate after a court hearing held in the Los Angeles courthouse.

The decision follows after earlier this week, for the second time in just one month, the pop singer Britney Spears has been rushed to a Los Angeles hospital where her family and new psychiatrist have put her on a psychiatric hold for 72 hours.

Britney Spears was transported to the UCLA Medical Center in an ambulance escorted by an impressive police team of 11 police motorcycles, two squad cars and two police helicopters, The Los Angeles police claims the security measures were required in order to protect Britney and for public safety.

"This was a public safety concern, and they did what was needed to get her transported," said officer Anna Aguirre.

Britney Spears was admitted to the Neuro-Psychiatric Unit and she is scheduled to be released on Saturday, if nothing happens.

James Spears appeared in court with Britney’s mother and his formers wife, Lynne Spears. James Spears, a building contractor, divorced Lynne in May 2002.

According to a public statement from Commissioner Reva Goetz, James Spears will be the conservator of her daughter until Monday, when a new hearing is scheduled.

"It is in the best interests of the conservatee to have conservatorship over her person," Goetz told a packed courtroom.

According to the US legislation, the conservatorship is granted by a court when a person is deemed unable to look after himself or herself or manage their own affairs.

As conservator, James Spears has control over Britney Spears’ liquid assets, including her home and her credit cards. James Spears has also the right to change the locks on her estate and remove anyone who was there. He has the power to hire around-the-clock security for Spears and to decide who is visiting her at the he UCLA medical center.

However, James Spears does not have the right to interfere with the medical treatment prescribed for his daughter or to force her to take a certain medication.

The Los Angeles courthouse has also issued a restraining order against Sam Lufti, Britney Spears' sometimes manager and friend.

Few days ago, Sam Lufti reportedly called Barbara Walters and told her the singer was seeking professional help.

During Monday morning’s episode of "The View," Walters told the audience that "There is a man named Sam Lutfi, who is the manager and very good friend of Britney. He has been staying with her constantly. He got in touch with us, I can't vouch for this. He seemed to be very knowledgeable and he certainly was very nice. He said Britney was suffering from what he describes as mental issues which are treatable. He said that she has been to a psychiatrist and I assume she is starting some kind of treatment. She has been having mood swings. She has been having some kind of trouble sleeping."

Sam Lufti, Britney’s mother, her psychiatrist, her boyfriend Adnan Ghalib and her assistant Alli Sims were all at the house on Thursday when Britney was escorted away. But, according to the media reports, Sam Lufti and Spears’ parents disagree on how Britney should be taking care of.

The celebrity site TMZ.com reported that Britney Spears was anger when she learned the news about her father. "Nobody's taking my house. Who is my family?" she screamed into a phone at one point, TMZ.com claims.

For Britney Speas this is the second admission to a hospital in less than one month. On January 3 Britney Spears was taken by ambulance to the Cedars Sinai Medical Center following a three-hour standoff with police at her luxury Hollywood home. According to reports, she locked herself and her year-old son Jayden in a bedroom rather than turn them over to her ex-husband's bodyguard as she was supposed to.

The pop diva was reportedly hospitalized under a "5150 Hold," order under which a person is considered a danger to themselves or others as a result of mental disorder.

This incident lead to a swirl of rumors that the singer is suffering from a bipolar disorder, but nothing is confirmed. However, Britney Spears was released two days later.

She has since lost all visitation rights with her two boys and is only permitted to speak to them over the phone.

Also, shortly after the first hospitalization, the law firm representing Spears in the custody battle had quit, saying the pop star was "impossible" to work with. The legal resignation came after Spears missed another court-ordered deposition with Federline's lawyer, Mark Vincent Kaplan, to undergo cross-examination about her parenting abilities.

During 2007, Brtiney Spears repeatedly failed to show up for court appearances, attacked her ex-husband's car and a posse of paparazzi with an umbrella, and was unable to comply with court-ordered drug testing. Efforts to revive her career backfired when she appeared overweight and disoriented at a much-hyped appearance at the MTV Video Music Awards.