Priscilla Presley Seeks to Invalidate Daughter Lisa Marie Presley’s Will
31.01.2023 - 23:43
’s will.The former wife of Elvis Presley filed a petition with the Los Angeles Superior Court on Thursday, per , challenging a 2016 amendment to the document that replaced Priscilla and a former business manager, Barry Siegel, as cotrustees, with Lisa Marie’s eldest daughter, , and her late son, Benjamin Keough.In 1993, Lisa Marie formed a trust in an agreement with her mother to help manage the Presley estate. After Lisa Marie 85% of the company’s assets to entertainment company CKX Inc.
in 2004, for around $100 million, the trust kept a 15% stake in Elvis Presley Enterprises, which owns the singer’s intellectual property.Lisa Marie Presley, Priscilla Presley, and Riley Keough attend the Handprint Ceremony honoring Three Generations of Presley's at TCL Chinese Theatre on June 21, 2022.According to The Hollywood Reporter, in this new petition, Priscilla claims that she was not made aware of the 2016 change to her daughter’s will during her lifetime, as required by the terms of the trust. The filing reportedly states, “The foregoing method shall be the exclusive method by which this trust may be revoked or amended, or any amendment cancelled,” citing several incidents in which changes to trusts were found invalid in the past due to trustees not being properly notified.
She also reportedly alleges that her name is misspelled on the amendment and her daughter’s signature is “inconsistent with her usual and customary signature.” That edition of the will was also apparently never witnessed or notarized, and the provisions don’t appear on the signature page, as is customary. According to the The Hollywood Reporter, Priscilla Presley says in the petition she has no plans to resign and will continue in her capacity as cotrustee,