By Breaking Celebrity News Staff

While most people will be kicking back and celebrating this holiday season, Britney Spears and Jason Trawick will be working hard trying to figure out what to do about their future together, Breaking Celebrity News is exclusively reporting.

The X Factor judge and her conservator fiance, who recently called off their winter wedding, are spending the next few weeks planning damage control and deciding if they are going to officially call it quits in the new year on their three-year plus relationship.

“It’s a make or break holiday for Britney and Jason,” a source close to the singer tells Breaking Celebrity News. “Things have been getting worse and worse with their relationship for several months now, and they know they have to figure things out once and for all because they can’t keep going on like this.”

However, as Jason is a co-conservator over Britney’s estate and contractually has to be on set with her at all times during filming of the X Factor, the decision to stay together or not isn’t an easy one to make for either of them.

“If they do decide to call off the engagement for good, things are going to be tricky, legally and financially, so it isn’t just the state of their relationship they have to think about,” the source says. "If there wasn't those considerations involved they would of split a while ago."

Because Britney has time off from her grueling filming schedule over the holidays it seemed like the perfec