Elvis Presley’s Wife Goes To Court Over Elvis’ Estate
When it comes to inheritance, money brings out the worst in people. Here is another example of a US probate dispute.
Priscilla Presley, the former wife of Elvis Presley, filed a US probate lawsuit that seeks to invalidate parts of the trust of Lisa Marie Presley (the daughter of Priscilla & Elvis) that designated Lisa Marie’s son and daughter as trustees.
Lisa Marie Presley, the sole heir to Elvis, executed a trust in 1993. In 2010, Lisa Marie amended the trust and named Priscilla and Elvis’ former business manager as co-trustees.
But after Lisa Marie’s death, Priscilla found a 2016 amendment to the trust that removed both Priscilla and the business manager as trustees and replaced them with Lisa Marie’s son and daughter.
The son died in 2020, leaving Lisa Marie’s daughter as the only trustee to Lisa Marie’s trust.
So why would Priscilla sue her granddaughter to gain control of the trust? According to Monte Silver, a US attorney specializing in US probate and US trust and inheritance disputes, there is big money involved: music royalties, not to mention Graceland, which brings in huge amounts of money each year from tourism.
According to the lawsuit, “there are many issues surrounding the authenticity and validity of the purported 2016 amendment.” The alleged issues include that signature on the 2016 amendment “appears inconsistent with Lisa Marie’s usual and customary signature.”
Priscilla seeks to invalidate the 2016 amendment and become the sole trustee over her granddaughter and her money.