Lisa Marie Presley wanted trust to go to children as mom Priscilla contests will, close friend says

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By Phoebe Egoroff

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Lisa Marie Presley reportedly wanted her estate to be left to her children, a friend has claimed, as her mom Priscilla Presley files court documents contesting her will.

The only daughter of Elvis and Priscilla Presley died on January 12 at the age of 54, days after attending the Golden Globes.

While the official cause of her death was deferred by the Los Angeles County Coroner, it was reported via multiple news outlets that Lisa Marie suffered a cardiac arrest at her home in Calabasas, California, before passing away in hospital.

Her housekeeper found her unresponsive in her bedroom before her ex-husband Danny Keough - who also lives at the property - administered CPR until paramedics arrived on the scene.

It was later revealed that she passed away, with her family reportedly signing a "do not resuscitate" order prior to a second heart attack.

A week after her death, Lisa Marie was buried at her father Elvis' estate, Graceland, in Memphis - alongside Elvis, her son Benjamin (who died by suicide in 2020 aged 27), her paternal grandparents, and her paternal great-grandmother.

Lisa Marie left behind three daughters - 33-year-old Riley Keough, and 14-year-old twins Harper and Finley Lockwood, as well as her first granddaughter who had been born to her eldest daughter shortly before.

Austin Butler honors Lisa Marie Presley and her family at the Golden Globes:

Riley had been listed as a co-trustee of her mother's estate - which includes Graceland as well as 15% ownership of Elvis' estate - alongside her late brother Benjamin following an amendment to Lisa Marie's will in 2016.

With Benjamin's death, Riley is now the sole trustee. Last week, 77-year-old Priscilla filed documents in the Los Angeles Superior Court contesting her only daughter's will and the 2016 amendment, according to Entertainment Tonight.

According to Priscilla, she and Lisa Marie's former business manager, Barry Siegel, had been appointed co-trustees on January 29, 1993. She argued in the documents that Lisa Marie "executed a revocable living trust, which she amended and completely restated on January 27, 2010," before adding that "both the 1993 original trust and 2010 restatement appear to be carefully drafted by competent estate planning attorneys."

It was also claimed in her filing that Lisa Marie's signature on the 2016 amendment "appears inconsistent with her usual and customary signature."

A friend of Lisa Marie, however, told PEOPLE that the mom-of-four had intended for all of her children to inherit her trust. "Lisa's intent was very clear," they said, adding: "Lisa really didn't feel that Priscilla was doing anything in her best interest."

They further added that the 2016 amendment came at a time when Lisa Marie and her mom did not have a particularly close relationship. "Lisa lived her life authentically… She wouldn't remain quiet when she was being taken advantage of. At the end of the day, these are her wishes, and there's no question as to what her wishes were. No one's going to be able to reinvent the last seven or eight years and say no, no, no."

It was further revealed that Lisa Marie did not wish Siegel involved in her estate, having sued him in 2018 after claiming that he'd reduced Elvis' $100 million fortune - which was set to be inherited by Lisa Marie - to just $14,000 after his 1977 death. She argued that he'd done this "through his reckless and negligent mismanagement and self-serving ambition."

Siegel subsequently accused Lisa Marie of "squandering" her late father's fortune with her "excessive spending" habits.

Featured image credit: Abaca Press / Alamy

Lisa Marie Presley wanted trust to go to children as mom Priscilla contests will, close friend says

vt-author-image

By Phoebe Egoroff

Article saved!Article saved!

Lisa Marie Presley reportedly wanted her estate to be left to her children, a friend has claimed, as her mom Priscilla Presley files court documents contesting her will.

The only daughter of Elvis and Priscilla Presley died on January 12 at the age of 54, days after attending the Golden Globes.

While the official cause of her death was deferred by the Los Angeles County Coroner, it was reported via multiple news outlets that Lisa Marie suffered a cardiac arrest at her home in Calabasas, California, before passing away in hospital.

Her housekeeper found her unresponsive in her bedroom before her ex-husband Danny Keough - who also lives at the property - administered CPR until paramedics arrived on the scene.

It was later revealed that she passed away, with her family reportedly signing a "do not resuscitate" order prior to a second heart attack.

A week after her death, Lisa Marie was buried at her father Elvis' estate, Graceland, in Memphis - alongside Elvis, her son Benjamin (who died by suicide in 2020 aged 27), her paternal grandparents, and her paternal great-grandmother.

Lisa Marie left behind three daughters - 33-year-old Riley Keough, and 14-year-old twins Harper and Finley Lockwood, as well as her first granddaughter who had been born to her eldest daughter shortly before.

Austin Butler honors Lisa Marie Presley and her family at the Golden Globes:

Riley had been listed as a co-trustee of her mother's estate - which includes Graceland as well as 15% ownership of Elvis' estate - alongside her late brother Benjamin following an amendment to Lisa Marie's will in 2016.

With Benjamin's death, Riley is now the sole trustee. Last week, 77-year-old Priscilla filed documents in the Los Angeles Superior Court contesting her only daughter's will and the 2016 amendment, according to Entertainment Tonight.

According to Priscilla, she and Lisa Marie's former business manager, Barry Siegel, had been appointed co-trustees on January 29, 1993. She argued in the documents that Lisa Marie "executed a revocable living trust, which she amended and completely restated on January 27, 2010," before adding that "both the 1993 original trust and 2010 restatement appear to be carefully drafted by competent estate planning attorneys."

It was also claimed in her filing that Lisa Marie's signature on the 2016 amendment "appears inconsistent with her usual and customary signature."

A friend of Lisa Marie, however, told PEOPLE that the mom-of-four had intended for all of her children to inherit her trust. "Lisa's intent was very clear," they said, adding: "Lisa really didn't feel that Priscilla was doing anything in her best interest."

They further added that the 2016 amendment came at a time when Lisa Marie and her mom did not have a particularly close relationship. "Lisa lived her life authentically… She wouldn't remain quiet when she was being taken advantage of. At the end of the day, these are her wishes, and there's no question as to what her wishes were. No one's going to be able to reinvent the last seven or eight years and say no, no, no."

It was further revealed that Lisa Marie did not wish Siegel involved in her estate, having sued him in 2018 after claiming that he'd reduced Elvis' $100 million fortune - which was set to be inherited by Lisa Marie - to just $14,000 after his 1977 death. She argued that he'd done this "through his reckless and negligent mismanagement and self-serving ambition."

Siegel subsequently accused Lisa Marie of "squandering" her late father's fortune with her "excessive spending" habits.

Featured image credit: Abaca Press / Alamy