There's a Presley estate battle brewing.
Priscilla Presley challenges her daughter's will in a petition filed in Los Angeles Superior Court on Thursday. Lisa Marie Presley, She questions the “authenticity and legality” of a 2016 amendment that replaced her and former business manager Barry Siegel as co-trustees with Lisa Marie Presley's daughter Riley Keough and deceased son Benjamin Keough.
Lisa Marie Presley Died After suffering a cardiac arrest on January 12 at his home in Calabasas, California. The only child of the singer and Elvis Presley was 54.
Priscilla Presley and Siegel currently serve as heads of a trust created in 1993 to manage the Presley estate. The Promenade Trust held a 15 percent stake in Elvis Presley Enterprises, which owns the singer's intellectual property, after Lisa Marie Presley sold 85 percent of the company's assets for roughly $100 million.
After her daughter's death, Priscilla Presley says she discovered a document that changed the trust. She insists that the amendment was never given to her during her daughter's lifetime as per the terms of the trust.
“The foregoing method shall be the exclusive method by which this trust may be revoked or amended, or any amendment may be set aside,” the petition states, making changes in trusts invalid after the trustees have not been notified. were found. ,
Priscilla Presley also pointed out that the amendment misspelled her name and that her daughter's signature was “inconsistent with her usual and customary signature.” Other discrepancies in the document include that it was never witnessed or notarized and that the provisions do not appear on the signature page, as is customary.
The petition states that Riley Keough is set to become a co-trustee of the trust with Priscilla Presley because Siegel “has already resigned or will soon resign.” According to the document, Priscilla Presley has not resigned as trustee of the trust and plans to continue in her capacity.
The filing reads, “The petitioner respectfully requests an order from this court that the said 2016 amendment is invalid.”
Riley Keough is one of the beneficiaries of the trust along with her sisters. Benjamin Keough died by suicide in 2020.
An attorney for Priscilla Presley did not immediately respond to requests for comment.