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Mourners observe Lisa Marie Presley's beingness
Priscilla Presley is challenging the validity of her precocious girl Lisa Marie Presley's will.
In a ineligible filing successful Los Angeles Superior Court past week, Priscilla Presley disputed the validity of a 2016 amendment to Lisa Marie Presley's surviving spot that removed her and a erstwhile concern manager arsenic trustees and replaced them with Lisa Marie Presley's 2 oldest children, Riley Keough and Benjamin Keough, if Lisa Marie died oregon became incapacitated. Benjamin Keough died successful 2020.
Lisa Marie Presley, a vocalist and the lone kid of Elvis Presley, died astatine a California hospital astatine property 54 connected Jan. 12 aft paramedics answered a 911 telephone reporting a pistillate successful cardiac arrest. The Los Angeles County coroner is investigating, and has not yet fixed a origin of death. Presley was laid to remainder astatine her household home, Graceland, connected Jan. 22.
In Lisa Marie Presley's case, it appears she did not person a abstracted volition filed, which means that her surviving spot serves the relation of that document. A surviving spot is simply a signifier of property readying that allows a idiosyncratic to power their assets portion alive, but person them distributed if they die.
Priscilla Presley's tribunal filing alleges determination are respective issues that bring the surviving spot amendment's authenticity into doubt.
The filing says they see a nonaccomplishment to notify Priscilla Presley of the alteration arsenic required, a misspelling of Priscilla Presley's sanction successful a papers supposedly signed by her daughter, an atypical signature from Lisa Marie Presley, and a deficiency of a witnesser oregon notarization.
Priscilla Presley "is contesting the amendment due to the fact that it removes her arsenic trustee successful favour of her granddaughter," Caryn Young, a spouse connected the backstage lawsuit and taxation squad astatine planetary instrumentality steadfast Withers, told CBS MoneyWatch. "Obviously, she would privation power implicit medication of the assets —especially if she thinks the assets were mishandled successful the past."
While misspelling of Presley's sanction could beryllium a elemental error, the atypical signature could beryllium grounds of fraud, Young noted.
Presley's filing asks a justice to state the amendment invalid.
Troubled fiscal history
At the clip of her death, Lisa Marie Presley owned Graceland, Elvis Presley's property that is present a tourer attraction, done her trust. But she had a troubled fiscal history, which came to airy successful 2018 erstwhile she sued manager Barry Siegel, claiming helium had mismanaged her wealth, resulting successful her $100 cardinal spot dwindling to $14,000 successful currency by 2016. It is not wide however overmuch the spot is present worth.
Priscilla Presley's filing says that Siegel intended to resign from the trust, which according to the anterior presumption of the spot would permission Priscilla Presley, 77, and Riley Keough, 33, arsenic co-trustees.
A connection seeking remark from representatives of Riley Keough was not instantly returned.
"If the tribunal finds successful favour of Priscilla, presumably the amendment volition beryllium treated arsenic invalid and the changes made nether that amendment volition beryllium voided," Young noted. "So if the amendment changed the successor Trustees, taking retired Priscilla and replacing her with her grandchildren, past that alteration would beryllium voided and Priscilla would beryllium the successor trustee."
Lisa Marie Presley near 3 surviving children. In summation to Riley Keough, her girl with archetypal hubby Danny Keough, she had 14-year-old duplicate daughters with her 4th husband, Michael Lockwood.
Presley was declared divorced from Lockwood successful 2021, but the 2 were inactive disputing finances successful household tribunal erstwhile she died.
Priscilla Presley's filing is among the archetypal of what are apt to beryllium galore ineligible maneuvers surrounding the property of Lisa Marie Presley, Elvis Presley's lone heir.
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