Oh no. The Presley household is gearing up for a probably nasty authorized battle over Lisa Marie Presley’s property!
More than two weeks following the dying of the 54-yr-previous singer-songwriter, Priscilla Presley filed authorized paperwork contesting that she and Lisa’s former enterprise supervisor, Barry Siegal, had been eliminated because the trustees of her daughter’s property. According to TMZ, Priscilla apparently discovered an modification to the belief, which eradicated each her and Siegal as trustees and appointed Lisa’s kids, Riley and late Benjamin Keough, as an alternative. But Priscilla is hoping to vary that quickly.
Per the court docket paperwork, the previous spouse of Elvis Presley is questioning the validity of the modification. What makes her skeptical of its authenticity? She claims it was by no means delivered to her per the phrases of the belief, the date on the doc is suspicious because the modification was added onto a PDF on March 14, the doc misspelled her title, and Lisa Marie’s signature “appears inconsistent with her usual and customary signature.” And on high of every thing, Priscilla famous within the doc that the modification was neither witnessed nor notarized.
Related: Priscilla Calls Losing Daughter Lisa Marie A ‘Dark, Painstaking Journey’
Lisa Marie reportedly put in place a revocable dwelling belief on January 29, 1993 – which she later amended and restated on January 27, 2010. The court docket submitting states:
“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.”
Priscilla then states that she later discovered the brand new doc existed with an modification made on March 11, 2016:
“The Purported 2016 Amendment removed and replaced Petitioner [Priscilla] 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 (‘Riley’), and son, Benjamin Keough (‘Benjamin’), as successor co-Trustees of the Trust upon Lisa Marie Presley’s incapacity and/or 10 death. There are many issues surrounding the authenticity and validity of the Purported 2016 Amendment.”
So what does this all imply precisely? Well, issues are about to get difficult! Since Lisa minimize ties with Siegal in 2018 for allegedly mismanaging her funds and her son Ben died by suicide in 2020, this makes Riley the only real trustee of the property – which means Priscilla can be solely going up in opposition to her personal granddaughter for the belief. Plus, the 77-yr-previous is asking for the court docket to make the modification invalid – which might take away the Daisy Jones and The Six star’s energy as trustee if issues swing Priscilla’s method. Basically, that is going to get very messy and ugly between Priscilla and Riley! Something we might hate to see occur, contemplating they’re going by such a tough time of their lives following Lisa’s dying!
Reactions, Perezcious readers? Let us know within the feedback under!
[Image via Apega/WENN, FayesVision/WENN, WENN/Avalon]
Discussion about this post