Priscilla Presley questions ‘validity’ of amendment made to daughter’s will
Priscilla Presley has questioned the “authenticity and validity” of an amendment to Lisa Marie Presley’s will that would replace her as custodian of her daughter’s estate.
In a recent court case, Priscilla denies a 2016 amendment to Lisa Marie’s living trust that replaced her and a former business manager with the US singer’s children – Riley and Benjamin Keough.
A living trust is a form of estate planning that allows a person to control their assets while they live but distribute them when they die and can perform the function of a will if a separate will is not filed.
Following the death of Lisa Marie Presley, the petitioner (Priscilla) discovered that a document existed relating to a March 11, 2016 amendment to the trust… The alleged 2016 amendment removed and replaced the petitioner and Barry as current and subsequent trustees of the trust .court records
Lisa Marie, Elvis’ only child, died on January 12 at the age of 54 and was buried on January 22 at her father’s Graceland mansion in Memphis, Tennessee.
Documents filed in Los Angeles last week and obtained by the PA news agency indicate that Priscilla and Barry Siegel were appointed to run the Living Trust in 1993 and were reconfirmed in 2010.
“Following the death of Lisa Marie Presley, the petitioner (Priscilla) discovered that a document existed relating to a March 11, 2016 amendment to the trust,” the documents read.
“The alleged 2016 amendment removed and replaced the petitioner and Barry as the current and subsequent trustees of the trust with Lisa Marie Presley as the current trustee and named Lisa Marie Presley’s daughter Riley Keough and son Benjamin Keough as subsequent co-trustees of the trust in Lisa Marie Presley’s disability and/or death.”
The filing added that there were “many issues related to the authenticity and validity” of the amendment.
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Lisa Marie, Elvis’ only child, died on January 12 at the age of 54 (PA)
The problems included failing to notify Priscilla of the change, a misspelling of her name on a document said to be signed by her daughter, and a signature by Lisa Marie that “didn’t match her usual and customary signature.”
The filing states that Siegel had already intended to step down from his position, which would have left Priscilla and Riley as co-trustees.
It asks the judge to invalidate the 2016 amendment.
It comes after Priscilla said she was “touched” by the words of fans following her daughter’s death and subsequent memorial.
At the Jan. 22 public memorial, Lisa Marie was commemorated as the “precious jewel” of Memphis as her mother read poetry by Lisa Marie’s daughters.
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https://www.independent.ie/entertainment/music/priscilla-presley-challenges-validity-of-amendment-made-to-daughters-will-42320324.html Priscilla Presley questions ‘validity’ of amendment made to daughter’s will
