Priscilla Presley challenges Lisa Marie’s will
Priscilla Presley has taken her late daughter’s trust to court mere weeks after Lisa Marie’s death on January 12.
Priscilla allegedly discovered a document from 2016 that concerns an amendment to the trust. The actor and business woman reportedly filed documents that challenge this “purported 2016 amendment” to Lisa Marie’s will, and has asked that it be deemed “invalid”.
Said amendment ousted Priscilla as trustee, instead naming Lisa Marie’s eldest daughter, Riley Keough, and her late son, Benjamin Keough, as co-trustees. However, Benjamin Keough passed away in 2020, leaving Riley as the sole trustee to their late mother’s estate. Priscilla claims that she and Barry Siegel, Lisa Marie's former business manager, were appointed co-trustees in 1993.
Lisa Marie was the sole heir to Elvis Presley’s fortune after his death in 1977. The Graceland mansion is reported to be worth more than $100m USD (approximately $141m AUD).
Priscilla questions the “authenticity and validity” of the amendment, and alleges that her daughter’s signature “appears inconsistent with her usual and customary signature” on the document from 2016, and even argues that Lisa Marie’s name had been spelled incorrectly. On top of this, Priscilla claims that the document wasn’t notarised.
According to court documents, “Lisa Marie Presley appointed her mother, Petitioner, and her former business manager, Barry Siegel, as co-Trustees effective as of the date of the 2010 restatement.
“The 2010 restatement further provides that Petitioner and Barry Siegel shall continue to serve as co-Trustees upon Lisa Marie Presley’s subsequent incapacity and/or death.
“The Purported 2016 Amendment removed and replaced Petitioner and Barry as both current and successor Trustees of the Trust with Lisa Marie Presley as the current Trustee and naming Lisa Marie Presley’s daughter, Riley Keough, and son, Benjamin Keough, as successor co-Trustees of the Trust upon Lisa Marie Presley’s incapacity and/or 10 death.”
Priscilla’s legal move comes less than one week after a memorial service for Lisa Marie at the Graceland estate in Memphis, Tennessee.
Images: Getty