Priscilla Presley Files Lawsuit To Take Control Of Late Daughter Lisa Marie Presley's Estate Due To Alleged Fraud

Priscilla Presley Files Lawsuit To Take Control Of Late Daughter Lisa Marie Presley's Estate Due To Alleged Fraud

January 30. 2023

Lisa Marie Presley

In the 1960s and 1970s the late singer, Elvis Presley, who died in 1977, was the subject of massive financial exploitation. Elvis had many number one songs and movies that were box office hits, but he was nearly bankrupt when he died at age 42.

Colonel Tom Parker, a man who bought the military title, and took half of Elvis' earnings, despite the fact he never wrote Elvis' songs and films, nor did he set foot on stage, ran him into the ground. When Elvis' health was failing due to traumatic brain injuries, and his addiction to drugs damaging him as well, Parker didn't care, and demanded Elvis be on stage no matter what. Elvis had a payroll of $500,000 per month and kept performing, though he was very sick, to pay people, such as Parker.

Lisa Marie and Elvis

When Elvis died he left his estate to his 9-year-old daughter, Lisa Marie Presley. There was not much money in the estate, but the house Graceland and its accompanying acreage in Memphis was (and is) valuable. Elvis' name was (and is) also valuable, which permitted Lisa Marie, via her mother Priscilla to make financial deals. The estate grew in value to over $100,000,000 due to licensing deals Priscilla made.

When Lisa Marie turned 25-years-old she inherited Elvis' estate. However, once again, standard Hollywood greed appeared regarding the unscrupulous, thieving degenerates, who populate the industry. In her final years Lisa Marie revealed she lost many millions due to her business partner engaging in illegal conduct that plundered Elvis' estate.

Vogue magazine cover featuring Lisa Marie, her mom Priscilla, and Lisa Marie's daughter Riley

Now they are robbing Elvis' estate in death as well. A new report alleges fraud has been committed regarding Lisa Marie's will. Priscilla was removed as trustee of the estate under highly questionable circumstances.

Yahoo News reported, "In the document obtained by Yahoo Entertainment, Priscilla asked a judge to determine the validity of the trust provision. The matriarch claims Lisa Marie's signature on the 2016 document 'appears inconsistent with her usual and customary signature. 'The amendment was apparently never notarized and Priscilla alleges the document was never delivered to her as required by the terms of the 2010 arrangement. The matriarch says the date on the 2016 amendment is suspicious. It also apparently misspells Priscilla's name. Priscilla wants the court to restate the 2010 trust."

Why would Lisa Marie, who was close to her mom Priscilla, misspell her mother's name and in such an important document. It has the appearance of fraud.

STORY SOURCE

Priscilla Presley files to control Lisa Marie Presley's estate despite Riley Keough being named trustee

Fri, January 27, 2023 at 4:34 PM EST - Priscilla Presley believes she should be in charge of daughter Lisa Marie Presley's estate — but a legal document filed seven years ago suggests that wasn't what the singer-songwriter wanted should she die. It's the latest twist in Lisa Marie's complicated financial history.

Lisa Marie, the only child of Elvis Presley, passed away on Jan. 12 after suffering cardiac arrest. On Thursday, Priscilla, 77, filed paperwork challenging the authenticity of a 2016 amendment seemingly made by Lisa Marie that removed her as trustee. In the purported amendment, Lisa Marie named her adult children, daughter Riley Keough and son Benjamin Keough, as successor co-trustees and removed Priscilla and her former business manager, Barry Siegel, whom she appointed in 2010. Benjamin died in 2020, so, per the amendment, Riley would be the sole trustee.

In the document obtained by Yahoo Entertainment, Priscilla asked a judge to determine the validity of the trust provision. The matriarch claims Lisa Marie's signature on the 2016 document "appears inconsistent with her usual and customary signature." The amendment was apparently never notarized and Priscilla alleges the document was never delivered to her as required by the terms of the 2010 arrangement. The matriarch says the date on the 2016 amendment is suspicious. It also apparently misspells Priscilla's name. Priscilla wants the court to restate the 2010 trust...

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