Priscilla Presley, mother to the late Lisa Marie Presley, says the court should deem her daughter’s latest trust document as invalid.
In court documents filed in the Los Angeles Superior Court and obtained by MarketWatch, Priscilla Presley states she found an amendment to the trust dated from 2016, which removed her and her daughter’s former business manager as co-trustees. The document states they were to be replaced by Lisa Marie’s daughter Riley Keough, and son, Benjamin Keough, who passed away in 2020.
When the late Elvis Presley’s daughter first created the revocable living trust in 1993, she listed her mother and former business manager as co-trustees should she die or become incapacitated. The trust was restated in 2010.
Lisa Marie Presley, a singer and songwriter, died at 54 years old on Jan. 12 after being hospitalized for a medical emergency.
In the petition, Priscilla states there are “many issues surrounding the authenticity and validity of the purported 2016 amendment.” She had not been informed she was replaced as co-trustee, which was required, nor was the document witnessed or notarized. She said her name was misspelled and her daughter’s signature was “inconsistent with her usual and customary signature.”
She states she is still serving as trustee and that the 2010 trust should be the “authoritative and controlling document.”
“As such, petitioner [Priscilla Presley] respectfully requests an order from this court 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,” the court document said.
Lisa Marie leaves behind her mother and daughters, Riley Keough, Finley Lockwood and Harper Lockwood.