Priscilla Presley is challenging the validity of an amendment to her late daughter Lisa Marie Presley’s will that removed her as a trustee and would give her grandchild a large stake in the Graceland empire.
Lisa Marie removed her mother and former business manager, Barry Siegel, as co-trustees of her will in 2016, according to a court petition from Priscilla’s lawyers, and replaced them with her children, Riley and Benjamin Keough.
Benjamin Keough died in 2020, leaving Riley Keough, a 33-year-old actor, as the sole trustee.
File – L-R 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 in Hollywood, California.
Axelle/Bauer-Griffin/FilmMagic
Priscilla’s petition alleges that she was not notified of the amendment to her daughter’s will until after her death. Lisa Marie died on Jan. 12 at age 54 after being hospitalized for cardiac arrest. She was Elvis Presley’s only child.
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The petition also claims that the amendment misspells Priscilla’s name, and questions the authenticity of Lisa Marie’s signature.
“(The signature) appears inconsistent with (Lisa Marie Presley’s) usual and customary signature,” the documents state, as reported by CNN.
Other complaints in the petition allege that the amendment was not notarized, it only exists as a PDF copy, and Lisa Marie’s signature is on a blank page in the document, with no language pertaining to the change in trustees.
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In 2005, Lisa Marie sold a large share of her ownership in Graceland Holdings, the parent company of Elvis Presley Enterprises. At the time of her death, she owned a 15 per cent stake in the company.
Lisa Marie was also the sole owner of Graceland Mansion, Elvis Presley’s former home and current-day tourist attraction. The estate includes 13 acres of land, as well as Elvis Presley’s remaining personal belongings like costumes, awards and cars.
The exact cause of Lisa Marie’s death has not yet been revealed by the Los Angeles County coroner.
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