Priscilla Presley in court battle against granddaughter Riley Keough for name in Lisa Marie's trust
MEMPHIS, TENNESSEE: According to recently released public court records, Priscilla Presley, while still grieving for her daughter, who died suddenly on January 12, is contesting an amendment to Lisa Marie Presley's trust that designates her granddaughter Riley Keough as the sole trustee. According to the paperwork, Priscilla Presley and Barry Siegel, Lisa's former business manager, would both be "eliminated" as trustees due to a modification to the trust.
Legal records obtained by The New York Post on Friday, January 27, reveal that Priscilla, 77, is requesting a judge invalidate the allegedly fraudulent change and provided a long list of possible reasons for the fraud. According to the records, Lisa Marie signed a revocable living trust on January 29, 1993, which she then modified and fully restated on January 27, 2010. Priscilla believes that is when Lisa Marie legally nominated her as a trustee, along with Siegel.
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Priscilla apparently saw the addendum to the contract after Lisa Marie died, supposedly added back in 2016. She and Siegel would be removed from the trust, and Lisa Marie's oldest daughter Riley, 33, and son Benjamin Keough would be named as trustees in their place. Lisa Marie severed connections with Siegel after accusing him of mismanaging her finances. Benjamin died in 2020 from a self-inflicted gunshot wound. Riley would then be the only executor of her mother's estate, according to an American Entertainment report.
Priscilla claimed that the date on the amendment is strange and that misspells her name, among a number of other reasons why she thinks the changes weren't made by Lisa Marie. Additionally, the court document states that Lisa Marie's signature "appears inconsistent with her usual and customary signature." The modified document was never shown to Priscilla and she only found out about the amendment after her daughter's death. Notice was required to be given as per the trust's conditions when it was set up. Additionally, it said that the date of the revision had been noted as "via.pdf on March 14." Lastly, this 2016 amendment was neither witnessed nor notarized. As of now, the 14-year-old twins, Harper and Finley Lockwood, along with Riley will inherit Elvis' Graceland estate, which was left to Lisa Marie.
After being hospitalized for a cardiac attack she had experienced that morning in her California home, Lisa Marie died on January 12. Other court records stated that Lisa Marie owed the IRS $1 million and cited extreme spending that prevented her from saving a significant portion of her salary.