Priscilla Presley has filed legal paperwork disputing who oversees the property of her late daughter Lisa Marie Presley.
The submitting in Los Angeles Superior Courtroom final week disputes the validity of a 2016 modification to Lisa Marie Presley’s dwelling belief that eliminated Priscilla Presley and a former enterprise supervisor as trustees and changed them with Lisa Marie Presley’s two oldest kids, Riley Keough and Benjamin Keough, if she died or turned incapacitated. Benjamin Keough died in 2020.
A dwelling belief is a type of property planning that enables an individual to manage their property whereas alive, however have them distributed in the event that they die. It serves the perform of a will if a separate will is just not filed, as seems to be the case with Lisa Marie Presley.
Lisa Marie Presley, a singer and the one little one of Elvis Presley, died at a California hospital at age 54 on Jan. 12 after paramedics answered a 911 name reporting a girl in cardiac arrest. The Los Angeles County coroner is investigating, and has not but given a reason for demise. She was laid to rest at her household house, Graceland, on Jan. 22.
Priscilla Presley’s courtroom submitting says there are a number of points that convey the dwelling belief modification’s authenticity into doubt.
The submitting says they embrace a failure to inform Priscilla Presley of the change as required, a misspelling of Priscilla Presley’s identify in a doc supposedly signed by her daughter, an atypical signature from Lisa Marie Presley, and a scarcity of a witness or notarization. It asks a choose to declare the modification invalid.
The submitting says that the enterprise supervisor, Barry Siegel, meant to resign, which in keeping with the prior phrases of the belief would depart Priscilla Presley, 77, and Riley Keough, 33, as co-trustees. A message in search of remark from representatives of Riley Keough was not instantly returned.
Lisa Marie Presley left three surviving kids. Along with Riley Keough, her daughter with first husband Danny Keough, she had 14-year-old twin daughters together with her fourth husband, Michael Lockwood. Presley was declared divorced from Lockwood in 2021, however the two had been nonetheless disputing funds in household courtroom when she died.
Priscilla Presley’s submitting is among the many first of what are prone to be many authorized maneuvers surrounding the property of Lisa Marie Presley, the one inheritor of Elvis Presley. It isn’t clear, nonetheless, how a lot that property is value. A lawsuit Lisa Marie Presley filed in 2018 alleging Siegel had mismanaged the belief mentioned it had been value in extra of $100 million, however most of that had been depleted.