The Presley real estate battle is heating up.
In a filing Thursday in Los Angeles Superior Court, Priscilla Presley contested the will of her daughter, Lisa Marie Presley. He questions the “authenticity and validity” of a 2016 amendment that replaced him and former business manager Barry Siegel as trustees along with Lisa Marie Presley’s daughter, Riley Keough, and his deceased son, Benjamin Keough.
Lisa Marie Presley died of cardiac arrest on January 12 at her home in Calabasas, California. The only child of the singer and Elvis Presley was 54 years old.
Priscilla Presley and Siegel currently serve as directors of a trust established in 1993 to manage the Presley estate. The Promenade Trust retained 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 about $100 million.
After her daughter’s death, Priscilla Presley says she found a document that changed her faith. She notes that the amendment was never delivered to her during her daughter’s lifetime, according to the terms of the trust.
“The above method is the exclusive method by which this trust may be revoked or amended or any amendment made,” the petition states, citing several cases where trust changes were invalidated after they were made without notice to the trustees. .
Priscilla Presley also notes that her name was misspelled in the correction and that her daughter’s signature “does not conform to her usual and usual signature.” Other inconsistencies in the document include that it was never certified or notarized and that the provisions do not appear on the signature page as usual.
The petition states that Riley Keough will serve as co-trustee with Priscilla Presley because Siegel “has already resigned or will soon resign.” According to the filing, Priscilla Presley has not resigned as trustee and plans to continue in her role.
“Petitioner respectfully seeks an order from this court declaring the 2016 Amendment invalid,” the filing said.
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.
