Lisa Marie was “sure” daughter Riley should inherit the family legacy, not Priscilla, executive claims

Lisa Marie Presley was “very, very certain” her inheritance ought to go to her daughter Riley and never mom Priscilla, an property govt has claimed amid an unpleasant inheritance battle.

Celebrating Lisa Marie’s fifty fifth birthday on Wednesday, Joel Weinshanker stated “there was by no means a query” that Riley Keogh, 33, would stay the only trustee of the Graceland property.

His feedback come days later Priscilla claimed she was expelled from the inheritance in scathing courtroom paperwork that pit mom and granddaughter in opposition to one another.

Priscilla was listed as trustee of the property till 2016, when Lisa Marie changed her with Riley and her son, Benjamin Keogh, who dedicated suicide in 2020.

The 77-year-old has questioned the authenticity of Lisa Marie’s signature on the modification however instructed Fox Information right now her precedence is “maintaining our household collectively”.

Damaging courtroom paperwork have lined up Priscilla Presley (left) in opposition to her granddaughter Riley Keough (proper), who alleges she was ousted as trustee and an “inconsistent signature” by her daughter Lisa Marie (centre) was used

Priscilla (left) was listed as trustee of the property till 2016, when Lisa Marie changed her with Riley (proper) and her son Benjamin Keogh, who dedicated suicide in 2020.

Talking of telling Elvis Radio by SiriusXMWeinshanker, Managing Companion at Elvis Presley Enterprises, stated: “[It] was at all times Riley and Ben.

“For them it was by no means a query that they’d be the stewards, that they’d see it the identical method they did.

“Clearly it actually sat with Riley when Ben insisted,”

“Despite the fact that Riley is a film star, she’s an award-winning director, she at all times had an curiosity and at all times knew that at some point she can be in cost [things].’

Lisa Marie, the one youngster of Elvis and Priscilla Presley, died of cardiac arrest on January 12 on the age of 54.

She had solely attended the Golden Globes two days earlier.

Their daughters Riley, Harper and Finley will obtain Graceland by the belief.

Final week, Priscilla challenged the settlement when she questioned the validity of the 2016 modification.

Courtroom paperwork say it was by no means served on her, the date on the doc is suspect, her title is misspelled, and Lisa Marie’s signature “doesn’t seem to match her customary and customary signature.”

However Weinshanker stated he is talking out as a result of “generally you simply must take a stand.”

“When Elvis died, he left all the pieces to his little daughter,” he stated.

“He did so understanding that she can be the one to maintain his legacy going.

Graceland supervisor Joel Weinshanker, pictured, has spoken out concerning the inheritance dispute

Followers visited Lisa Marie Presley’s grave and Graceland meditation pool throughout her Jan. 22 memorial service following her demise ten days earlier

“I can inform you that it doesn’t matter what else was occurring in her life or profession, she was at all times the one searching for what was greatest for Elvis…no matter what anybody else was attempting to do, no matter what one other member of the family [was trying to] do.’

In the meantime, Priscilla Presley spoke on her daughter’s birthday.

“Immediately would have been Lisa’s fifty fifth birthday. My need is to guard my three grandchildren and maintain our household collectively,” she stated Fox News Digital.

She added: “From the second I held Lisa in my arms I’ve protected, beloved and guided her simply as I’ve my son.

“Our hearts are damaged and I need to be taught to stay with out my solely daughter. We actually love you all and we really feel your prayers.

“Thanks for taking care of our household a lot.”

Lisa Marie left a rock ‘n’ roll legacy — together with a rocky monetary path riddled with losses and cash lawsuits.

The singer-songwriter wasn’t wealthy sufficient to make Forbes’ checklist of the highest-paid entertainers, whereas some superstar web sites even estimated that she might have had detrimental web value when she died.

She nonetheless owned Graceland, Elvis Presley’s property, which is now a vacationer attraction, by a belief.

A extra detailed have a look at her monetary state of affairs got here in 2018 when she sued Barry Siegel, alleging he mismanaged her funds, inflicting her to lose $100 million in belief to $14,000 in money by 2016 shrank.

The lawsuit additionally alleged that Lisa Marie racked up $500,000 in bank card debt, based on Reuters.

Starting in 2005, Lisa Marie suffered an “11-year odyssey to monetary break,” based on the lawsuit.

“Lisa was broken at an quantity not but absolutely decided, however is believed to be in extra of $100 million.”

Ben Keough dedicated suicide in 2020. This could make Riley the only trustee for Lisa Marie’s property, however Priscilla hopes to invalidate this modification. Riley is seen right here together with her mom within the final picture earlier than the 54-year-old handed away

Lisa Marie’s monetary troubles have been properly documented as she claimed to be $16 million in debt throughout her divorce proceedings from musician Michael Lockwood

The lawsuit adopted her divorce from musician Michael Lockwood, which was finalized in 2021.

In the course of the divorce proceedings, Lisa Marie claimed she owed $16 million, most of which was because of unpaid taxes, based on TMZ.

Priscilla traced the foundation reason behind her monetary troubles to a 2005 deal to promote an 85 p.c curiosity within the Elvis Presley Property (EPE) to CKX, an leisure firm that additionally owned the tv present American Idol.

She acquired $50 million plus inventory from CKX, together with a 15 p.c curiosity in EPE and title to Graceland, the Related Press reported on the time.

CKX was later offered to Apollo World Administration for $509 million.

Lisa Marie’s lawsuit alleged that Siegel put his personal monetary pursuits forward of her personal, alleging that he used the belief’s cash to purchase a $9 million English residence.

In the meantime, Siegel countered in his personal lawsuit that Lisa Marie’s monetary woes have been the results of her personal missteps. The lawsuit claimed she “wasted her inheritance twice over” and blamed her “wastrel methods,” Reuters stated.

However Lisa Marie, who was 9 when her father died, remained the only proprietor of Graceland, and her 15 p.c stake in EPE probably continues to generate steady revenue.

Lisa Marie stated final yr she was making practically $104,000 a month from Elvis Enterprises.