The `Womanizer` hitmaker - who suffered from a very public meltdown in 2007 resulting in her being hospitalised in January 2008 - has had her personal and professional affairs controlled by her father Jamie Spears since 2008 when a judge ruled he and lawyer Andrew Wallet should be made co-conservators of her business affairs.
However, lawyers involved in the case believe the singer is "more than ready" to take control of her estate again.
An insider told E! News: "Everyone involved believes she has the necessary proof that she is competent to be in charge of her affairs. She-s more than ready."
Britney - who has two sons, Sean Preston, five, and four-year-old Jayden James, with ex-husband Kevin Federline - is currently being sued for sexual harassment by former bodyguard Fernando Flores, who has also claimed the star was abusive to her children.
However, Mr. Wallet has rebuffed the lawsuit, stating the bodyguard only filed it against Britney in the hope of producing "sensational headlines".
He explained to gossip website RadarOnline.com: "The lawsuit that Flores filed against Ms. Spears was done so for sensational headlines only and in keeping with his previous missives.
"It should have been filed against the conservatorship. Mr. Flores knew who we were yet he chose to file against Ms. Spears directly even though she is still under the conservatorship."
Another conservatorship hearing is set to take place on September 30.