Wendy Williams v Wells Fargo: Judge's order may allow her 'access to her money' soon
Wendy Williams' lengthy struggle with Wells Fargo to revive her bank accounts is officially finished, after a New York judge appointed a financial guardian to monitor her finances. "The guardianship process is complete, which means the court-appointed a financial guardian. Now it's up to the guardian, Wendy and the court as to how she will be accessing her money," a source stated.
Wells Fargo is no longer involved in the court procedures at this stage, and the bank will be operating on Wendy's guardian and her instructions, according to one insider. Several sources have also indicated that a momentary guardian has been in place since at least March, however, it is unclear if this is the same individual as the formal court-appointed financial guardian. According to a source acquainted with the process, whoever is in charge needs to be financially educated and comprehend the numerous accounts that store Wendy's wealth.
"The court can eventually decide to give Wendy back full control over her accounts and end the guardianship- but that is up to the court," one insider said. Wendy, 57, is reported to "still have a voice and still have a say" in her finances, and while she "doesn't have 100% control right now, that could all change soon depending on what the court decides." "This isn't like a Britney Spears conservatorship- this is a financial guardian - this is someone who is watching over her finances, who is making sure that the decisions that are happening with her accounts are in her best interest. When Wendy asks for something to happen, the guardian is making sure it is in her own financial best interest first," the insider stated.
Meanwhile, an insider informed The Sun that Wendy might receive access to her accounts as early as July, following numerous fruitful discussions in her favor. It is currently unknown who the court has selected to supervise Wendy's funds. Wendy's old manager Bernie Young had entered the struggle for control of her millions, according to The Sun, but his effort was met with fierce opposition from her. Wendy accused Bernie, whom she dismissed at the start of this year, of using her American Express card to hire attorney Carolyn Wolf of powerful legal firm Abrams Fensterman, LLP to pursue guardianship over the mother of one in a video she posted to Instagram in March.
Meanwhile, a source had said that none of Wendy's family members would seek guardianship. "Wendy has plenty of people in her orbit that could step in and go up against Bernie for guardianship but the family is adamant - they don't think she needs one," a source told at the time.