Her Annual Income & Child Support At Time Of Death – Hollywood Life

Harper Presley Lockwood, from left, Lisa Marie Presley, Priscilla Presley, Riley Keough and Finley Presley Lockwood, family members of the late singer Elvis Presley, pose after placing their hands in cement at a ceremony in honor of the Presley family, at the TCL Chinese Theatre in Los Angeles
Priscilla Presley, Lisa Marie Presley and Riley Keough Hand and Footprint Ceremony, Los Angeles, United States - 21 Jun 2022 — Image Credit: Shutterstock

Lisa Marie Presley had an annual revenue of $1.2 million previous to her loss of life on the age of 54 on Jan. 12, in keeping with court docket paperwork obtained by HollywoodLife. The quantity was agreed on by her and her ex-husband Michael Lockwood, who can be the daddy of her 14-year-old twin daughters Finley and Harper, the paperwork present. There was additionally a Mandatory Settlement Conference concerning youngster help funds attended by the previous spouses on Oct. 3., and so they set the bottom help utilizing a $1,204,020 annual revenue for Lisa Marie.

At the time of her passing, Lisa Marie was paying Michael, whom she filed for divorce from in 2016, $4600 a month in youngster help for his or her twins. The paperwork additionally present he was searching for $48,818.31 in youngster help for 112.7 hours and claimed it “was reasonable because he had to conduct Discover, such as, requests for production, interrogatories, review responses, etc.; draft and review pleadings, such as, Reply papers, RFOs, FOAH, etc.” Although their Oct. settlement assembly led to an settlement between each of them, they have been nonetheless in dispute concerning the phrases of the Proposed Judgment when Lisa Marie unexpectedly died of a reported cardiac arrest final week.

Lisa Marie Presley, Michael Lockwood — Lisa Marie and Michael have been married for 4 yr earlier than divorcing in 2021. (Shutterstock)

Last yr, Michael instructed the court docket he believed Lisa Marie was making round $238K a month (round $3 million per yr) from her late father, Elvis Presley‘s property and stated she obtained one other $1 million for her memoir and a considerable quantity of the Elvis biopic. Both Lisa and her mom, Priscilla Presley, have been in full help of the movie, which documented the life and profession of Elvis, who was performed by actor Austin Butler, and sometimes attended occasions, comparable to premieres, to assist put it on the market.

Lisa Marie and Michael have been married in 2006 and their divorce was finalized in 2021, 5 years after the preliminary submitting. Since she was the proprietor of her dad’s world well-known property often known as Graceland, which is situated in Memphis, TN, it’s unclear if her three remaining youngsters, together with oldest daughter Riley Keough, 33, will inherit it or not now that she’s deceased. Lisa Marie’s second-oldest youngster, son Benjamin Keough, sadly died by suicide in 2020.

On Jan. 15, Michael was noticed for the primary time since Lisa Marie’s loss of life. The guitarist and producer was photographed strolling exterior his Los Angeles, CA dwelling whereas sporting a pink sleeveless shirt, denims, and a fur cap. Shortly after his ex-wife’s passing, he launched a press release by way of his lawyer that exposed he’s the one who’s been caring for Finley and Harper for the reason that tragic information. “Michael had been hoping for a speedy and complete recovery because her children needed her. It is very sad it didn’t turn out that way,” his lawyer Joe Yanny instructed ET Online final week. “Michael’s world has been turned on its ear. He is with both of his daughters now.”