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Lisa Marie Presley passed away on January 12th after suffering a cardiac arrest. Her mother, Priscilla Presley, confirmed the news via a statement to news and media outlets.
“It is with a heavy heart that I must share the devastating news that my beautiful daughter Lisa Marie has left us,” Priscilla shared. “She was the most passionate strong and loving woman I have ever known. We ask for privacy as we try to deal with this profound loss. Thank you for the love and prayers. At this time there will be no further comment.”
Lisa Marie left behind 3 daughters, 33-year-old Riley Keough, and 14-year-old twins Finley and Harper.
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After her passing, it was revealed thatLisa Marie owned the Graceland mansion, its 13-acre grounds, and Elvis’ personal effects. Graceland will now benefit Lisa Marie’s three daughters. As PEOPLE reports, “Following the death of Lisa Marie Presley on Thursday, the property, which is in a trust, will benefit Lisa Marie’s three daughters, Riley, Harper and Finley…”
Now, two-and-a-half weeks after her passing, Priscilla has legally filed paperwork contesting a change Lisa Marie allegedly made to her will in 2016, which removed Priscilla as a trustee to her estate. In 2010, Priscilla and her former business manager Barry Siegel were named as co-trustees to her estate should she pass away. The amendment made in 2016, removed Priscilla and Barry and named Riley and Lisa Marie’s only son, Benjamin Keough, as co-trustees. Benjamin passed away in 2020 from suicide.
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Per the alleged amendment, since Benjamin passed away, she would be the sole trustee. But, in the legal document filed by Priscilla, she is asking a judge to “determine the validity” of the amendment made in 2016. She states that the 2016 document changing the trustees “appears inconsistent with her usual and customary signature.”
Additionally, Priscilla claims that the amendment is “suspicious” for multiple reasons: it was never notarized, it misspells Priscilla’s name, and it was never delivered to her, which was a requirement “by the terms of the 2010 arrangement.” Priscilla is asking that the 2010 trust be reinstated, making her and Barry co-trustees. She alleges, in her court document, that she believes Barry “has already or will soon resign as a co-trustee of the Trust.”
“Accordingly, in such event, Riley would become a co-trustee with [Priscilla] with respect to the trust and all trust created thereunder. Notwithstanding the foregoing, since Riley is over the age of 30, she may act as a co-trustee of her subtrust upon delivering a written instrument signed by her consenting to act in such capacity,” the document reads.
If you have followed Lisa Marie’s journey, you’d know that it would make sense that she’d take Barry Siegel out of her trust. In 2018, she sued the him for $100 million for negligence and mismanaging her finances. She alleged that he caused her “financial ruin” and was “damaged in an amount that has not yet been fully ascertained, but is believed to be in excess of $100 million.”
He countersued her for $800,000 in unpaid bills, and cited her lavish lifestyle her her own financial problems.
Multiple outlets have reached out to Riley and Priscilla for comment, but none have heard back.