It was no mistake when Lisa Marie Presley removed her mother, Priscilla Presley, from her trust in 2016, her friend said in a report published Wednesday.
Following Lisa Marie’s death in January, her daughter Riley Keough was given control of her $100 million trust. But Priscilla legally challenged that trust weeks later, claiming a 2016 change that removed her was illegitimate.
However, one source told People magazine that Lisa Marie intentionally removed Priscilla as a trustee.
“I can assure you that in the last seven years of Lisa’s life, she never discussed any business with Priscilla,” the anonymous friend told People.
Paperwork from Lisa Marie’s estate named Riley and her brother, Benjamin Keough, as trustees, but Ben committed suicide in 2020.
“There’s no question,” the source added, “Lisa wanted Riley and Ben to be the trustees.”
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The feud between Lisa Marie and Priscilla reportedly stemmed from Lisa Marie’s ugly divorce from guitarist Michael Lockwood. Reports since 2016 have suggested that Priscilla sided with Lockwood in the divorce, while Riley supported her mother.
Even when Priscilla and Lisa Marie appeared together to support the Baz Luhrmann movie “Elvis,” they barely spoke, sources told People.
Now, according to reports, it’s Priscilla and Riley who aren’t talking to each other.
“They disagree,” a Presley family source told People.
In her court filing, Priscilla argued that Lisa Marie was required to inform her of the changes to the trust. She also noted that the 2016 change misspelled her first name and further stated that Lisa Marie’s signature “seems inconsistent with her regular and customary signature.”
A court hearing in the case is scheduled for April 13.
“It’s a very sad situation,” a Keough source told People. “Riley is surprised that Priscilla is challenging the amendment.”
