Priscilla Presley‘s newest authorized transfer is allegedly all about cash.
As we’ve been following, Priscilla is contesting her daughter Lisa Marie Presley‘s living trust (a legal mechanism for protecting one’s property and figuring out how they are going to be distributed after they die) — which was amended in 2016 supposedly with out Priscilla’s data. The modification eliminated her as a trustee of the late singer’s property, which Priscilla is attempting to combat! Sadly, there’s a darkish (although not fully stunning, given the circumstances) cause for this…
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According to a buddy of the late performer who opened as much as Page Six on Monday, Priscilla’s newest submitting is a “money grab,” they defined:
“It’s strictly a money grab. She [Lisa Marie] had no relationship with Priscilla, [her ex-husband] Michael Lockwood or her half-brother [Navarone Garibaldi].”
Oof. So unhappy to assume she was estranged from her personal mom on the time of her loss of life…
Interestingly, although, Priscilla apparently isn’t the one one preventing the modification. According to Page Six, Priscilla, Michael, and Navarone are all being represented by the identical publicist, Caroline Galloway, within the bid to toss out the paperwork in query. Their rep and an legal professional for Priscilla didn’t return Page Six‘s request for remark.
That mentioned, we do have some proof that issues weren’t good between Elvis Presley‘s only child and her second baby daddy. According to the outlet’s sources, Michael was at Lisa Marie’s Graceland memorial final week despite the fact that he wasn’t really invited! Of course, he shares twins Harper and Finley, 14, with the late star earlier than their bitter divorce in 2021, so it is sensible why he would possibly wish to be there to pay his respects to his daughters’ mom. His determination to point out up doesn’t imply the previous couple left issues on notice. Another supply identified the very fact Lockwood wasn’t talked about throughout the service — however Lisa Marie’s first ex-husband and the daddy to her two different kids, Danny Keough, was. Kinda proves how contentious issues had been.
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With all that in thoughts, it’s certain noteworthy that the individuals preventing Lisa Marie’s belief are the very individuals she wasn’t near on the finish of her life…
As we’ve been following, the 77-year-old filed paperwork within the Los Angeles Superior Court difficult a “purported 2016 amendment” to her daughter’s will that ousted her as a trustee of her property, changing the previous trustees together with her children Riley and Benjamin Keough, who handed in 2020. The Naked Gun alum now desires a choose to find out the validity of the docs, which she believes don’t maintain up in court docket for numerous causes. Essentially, she desires to be a trustee of the property once more… particularly now that it’s value a fortune!
While Lisa Marie was reportedly $4 million in debt, in keeping with TMZ sources, she had not less than two life insurance coverage insurance policies on the time of her loss of life, amounting to $35 million. After the money owed are paid, the remaining fortune is meant to be divided equally among the many three daughters since they had been listed as beneficiaries. But with Priscilla contesting the belief, it looks as if she’s attempting to take a chunk of the pie for herself.
We hate to see a household already coping with a lot loss and ache get embroiled in a battle over cash. We hope issues are settled ASAP to allow them to all concentrate on mourning… Thoughts? Let us know (beneath).
[Image via MEGA/FayesVision/WENN]
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