When Lisa Marie Presley passed away earlier this month, her will left everything, including partial control of Elvis Presley’s estate, to her daughters. Now her mother, Priscilla, is contesting the will and fighting an amendment to the document that she says is invalid.
Joel Weinshanker, Managing Partner of Elvis Presley Enterprises, recently weighed in on the situation, saying Sirius XMElvis Radio that Lisa Marie was “pretty sure” she wanted her children to carry on the Elvis legacy.
“We discussed this many times [before] she passed away, and it was always Riley and Ben,” Weinshanker said, referring to Riley Keough and Benjamin Keough, his children with ex David Keough. see him in exactly the same way as her. And obviously, when Ben passed away, she really sat down with Riley.”
Benjamin committed suicide in 2020, leaving Riley and 14-year-old twins Harper and Finley Lockwood as co-trustees of the Lisa Marie Trust, which includes the famed Graceland estate and 15% of Elvis’ estate.
Why is Priscilla contesting her daughter’s will?
While Weinshanker insists that Lisa Marie wanted her children to take over her trust, Priscilla isn’t so sure. Previously, her will stipulated that Priscilla and Barry Siegel, her former business manager, would be co-trustees.
This 2010 amendment to her will was superseded in 2016 with a new amendment that made her children co-trustees of Lisa Marie’s Trust. Priscilla questions this amendment, claiming that she had no prior knowledge of the change. This would invalidate the 2016 amendment, as Priscilla did not receive the amendment while Lisa Marie was alive “as required by the express terms of the Trust.”
Priscilla also claimed that there are “many issues related to the authenticity and validity” of the amendment, including the fact that her name was misspelled on the document, the amendment was not witnessed or notarized, and Lisa Marie’s signature is “inconsistent.” “. with her customary signature.
Whether or not Priscilla’s petition will change the outcome of Lisa Marie’s trust and Elvis’s estate is unknown, but despite their mother’s claims, it seems clear that Lisa Marie wanted her children to carry on their father’s legacy. .
Categories: Biography
Source: vcmp.edu.vn