![]() ![]() She retained 15% ownership of Elvis Presley Enterprises, which manages operations for Graceland, its related properties and the Graceland Archives. In 2004, Lisa Marie sold 85% of Elvis Presley Enterprises’ assets in a deal reportedly worth more than $100 million. Priscilla Presley, Lisa Marie Presley, and Elvis Presley in 1968. Priscilla Presley transformed the property into a lucrative tourist attraction and museum, held in a trust for Lisa Marie Presley until she turned 25. Lisa Marie Presley was the sole inheritor of Graceland and her father’s estate when he died in 1977. Priscilla and Elvis Presley divorced in 1973. ![]() Please ignore ‘the noise.’ As I have always been there for Elvis’ legacy, our family and the fans, I will continue to forge a pathway forward with respect, honesty, dignity, integrity and love.” “Please allow us the time we need to work together and sort this out. For anyone to think anything differently would be a travesty of the family legacy and would be disrespectful of what Elvis left behind in his life,” Priscilla Presley said in part. In a statement to CNN, sent Friday by a publicist after this story was first published, Priscilla Presley defended her efforts to protect her family’s legacy. Priscilla and Lisa Marie Presley’s relationship was strained over the years, the friends said, by their respective marriages and divorces, financial mismanagement, and personal trauma that has played out in the public eye as the former wife and the only child of the “King of Rock and Roll,” respectively.ĬNN made multiple attempts to reach Priscilla Presley’s attorney for comment but has not heard back. Priscilla and Lisa Marie Presley in 2015. I believe Priscilla is after money and what’s inside Graceland.” Lisa did not want her mother overseeing the estate. She and her mother were estranged for the last several years. “This is about Graceland and the memorabilia that Elvis left to Lisa Marie,” the source said. One friend alleged Priscilla Presley’s petition is a “money grab.” CNN is not naming the friends as they were not authorized to speak publicly on behalf of the family. Two individuals who were longtime friends of Lisa Marie Presley spoke to CNN about the estate dispute. CNN has contacted her representatives for comment. Keough has not yet responded to the petition. The petition also notes that Priscilla’s name is misspelled in the document, alleges the amendment was not witnessed or notarized and questions the authenticity of Lisa Marie’s signature. Priscilla Presley’s petition alleges that she did not receive notice of the amendment while her daughter was alive as was required by her Trust. ![]() ![]() The change removed Priscilla Presley and former business manager, Barry Siegel, as co-trustees and replaced them with her children, Riley and Benjamin Keough. As Lisa Marie Presley’s three daughters stand to inherit her estate and their grandmother is contesting the validity of her late daughter’s will, some close to the family say the legal dispute now in a California court reflects a Presley family history of conflict over money.įour days after Lisa Marie Presley’s Graceland memorial service, Priscilla Presley filed a petition challenging a 2016 amendment in her daughter’s will. ![]()
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