The 31-year-old singer will no longer have Jason as a conservator and lawyers are currently in court having him removed.
“Britney Spears and Jason Trawick have mutually agreed to end their one-year engagement,” her rep Jeff Raymond told People. “As two mature adults, they came to the difficult decision to go their separate ways while continuing to remain friends.”
“Jason and I have decided to call off our engagement,” Britney said. “I’ll always adore him and we will remain great friends.”
Jason added, “As this chapter ends for us a new one begins. I love and cherish her and her boys and we will be close forever.”
The split comes right after Britney changed agencies, indicating that Jason was no longer managing her career, and after her departure from The X Factor.