Priscilla Presley files to take control of Lisa Marie Presley’s estate, appointing Riley Keough as trustee

Lisa Marie Presley, Priscilla Presley and Riley Keough after placing their handprints in cement at the TCL Chinese Theater in Los Angeles, California on June 21, 2022.

Lisa Marie Presley, Priscilla Presley and Riley Keough after placing their handprints in cement at the TCL Chinese Theater in Los Angeles, California on June 21, 2022 (Photo: Reuters)

Priscilla Presley She thinks she should be responsible for her daughter Lisa Marie Presleyproperty — but a legal document filed seven years ago indicates that this wasn’t what the singer-songwriter would have wanted if she had died. It’s the latest twist on Lisa Marie Complicated financial history.

Lisa Marie, Elvis Presley’s only child, Passed away On January 12th after suffering a heart attack.

On Thursday, Priscilla, 77, filed papers challenging the validity of the 2016 amendment that Lisa Marie apparently removed as trustee. In the alleged amendment, Lisa Marie named her adult children, daughter Riley Keough and son Benjamin Keough, as successors to the co-guardians and removed Priscilla and her former business manager, Barry Siegel, whom she hired in 2010. Benjamin died in 2020, so, according to the amendment, Riley would be the sole guardian.

In the document obtained by Yahoo Entertainment, Priscilla asked the judge to determine the validity of the trust clause. The mother claims that Lisa Marie’s signature on the 2016 document “appears to be inconsistent with her usual and customary signature”. The amendment was apparently never documented, and Priscilla claims the document was never given to her as required under the terms of the 2010 arrangement. The mother says the date of the 2016 amendment is suspicious. It also appears that he misspelled Priscilla’s name. Priscilla wants the court to reaffirm the 2010 trust.

Priscilla believes that Siegel “has already resigned or will soon resign as co-trustee of the fund.”

Accordingly, in such a case, Riley will become co-guardian with [Priscilla] Concerning trust and all trust under which it arises. Notwithstanding the foregoing, because Riley is over the age of 30, she may act as co-trustee of her subject matter upon presentation of a written document signed by her consenting to act in that capacity,” the document reads.

But it is not clear what Riley wants. Yahoo reached out to representatives for Riley and Priscilla, but did not immediately receive responses.

One thing is for sure: there is no way Lisa Marie Siegel could have anywhere near her money and assets. In 2018, Lisa Marie filed a lawsuit against the businessman, accusing him of negligence and mismanagement of her finances. According to documents that emerged as part of the $100 million lawsuit, Lisa Marie claimed to have only received $14,000 in cash by 2016.

Lisa Marie claims Siegel caused her ‘financial ruin,’ according to lawsuit she obtained CBS Newsand that it “suffered damage that has not yet been fully ascertained, but is believed to be in excess of $100 million.” At one point, Lisa Marie claimed she was $16 million in debt.

Siegel opposed Lisa Marie and demanded $800,000 in unpaid bills. He claimed that she spent all her money from her father’s inheritance on her lavish lifestyle.

What happened with the duel lawsuits has not been made public. To further complicate financial matters, Lisa Marie has been in a contentious legal battle with ex-husband Michael Lockwood, with whom she shares 14-year-old twins Finley and Harper. that they killer On money and custody. Whoever controls the Lisa Marie estate likely has a lot of issues to sort through.

Priscilla is credited with turning Graceland into a huge financial success for the family. The former Elvis estate will go to The three daughters of Lisa Marie in the aftermath of her death. It’s where you’re buried.

Priscilla is still mourning the loss of her daughter. in Facebook After Thursday, she thanked her supporters again.

“I am truly overwhelmed by your words, your prayers, your love and support. I thank you from the bottom of my heart for trying to help me get through this loss. Every parent who has lost a daughter or son knows what a dark and arduous journey it is.”

Leave a Reply

Your email address will not be published. Required fields are marked *