Priscilla Presley is legally challenging an amendment made in 2016 according to which she was removed as co-trustee of Lisa Marie's trust.
Priscilla Presley is legally challenging an alleged amendment removing her as co-trustee of Lisa Marie's trust. The 77-year-old has gone to court to declare the allegedly fraudulent 2016 amendment invalid and listed several reasons why it could be a fraud. After her daughter's death on January 12, Priscilla has “discovered” a disputed document seeking to remove her and former business manager Barry Siegel as co-trustees of her daughter’s Promenade Trust, reports The Rolling Stone.
My family and I were so honored to be asked to put our handprints at the Hollywood Walk of Fame during the debut week of the movie ELVIS. pic.twitter.com/mN7M8vt0nc
— Priscilla Presley (@Cilla_Presley) June 24, 2022
“There are many issues surrounding the authenticity and validity of the purported 2016 amendment,” Priscilla and her attorney claim in the new 13-page filing. During her daughter's lifetime, the document was “never delivered” to Priscilla and it also misspelled Priscilla’s name which causes her to believe that it wasn’t witnessed or notarized and that “Lisa Marie’s signature appears inconsistent with her usual and customary signature.” As the page with the signature does not contain any text of the actual amendment they believe it "can present a higher risk for fraud.” As a result of these reasons, they’re asking for a court order “determining that the purported 2016 amendment is invalid, confirming the validity and existence of the restated 2010 trust, and confirming that petitioner is a current trustee of the trust.”
This could cause a rift between Priscilla and her granddaughter, Riley Keough as the alleged amendment names Lisa Marie’s oldest daughter Riley, 33, and her (late) son Benjamin Keough, as trustees, reports the New York Post.
As for Graceland, the property left behind by Elvis after his death in 1977 is now open for a variety of tours and overnight stays. The estate was left to Lisa Marie in trust when she was only nine years old. On her 25th birthday, she got her full ownership of the home in 1993 after which she formed The Elvis Presley Trust to manage the property alongside her mother, Priscilla Presley, and the National Bank of Commerce. The King of Rock and Roll's iconic estate will be going to Lisa Marie’s three daughters: Riley Keough, 33, and twins Harper Vivienne Ann and Finley Aaron Love, 14.
Riley Keough recently posted a picture of her last meeting with her late mother Lisa Marie. The Lodge actress, 33, shared the sweet snap of herself grinning next to her mom during an Elvis Presley birthday celebration that took place at the Formosa Café in West Hollywood on Sunday, January 8. "I feel blessed to have a photo of the last time I saw my beautiful mama. Grateful @georgieflores took this," Keough wrote in the caption.
References:
https://nypost.com/2023/01/27/priscilla-presley-challenges-lisa-maries-trust-changes-claims-fraud/
Cover Image Source: Getty Images | Photo by Jon Kopaloff
