In California and elsewhere, Priscilla Presley is a household name. As the former wife of Elvis Presley, affectionately dubbed “The King of Rock and Roll,” her name, as well as her daughter’s (Lisa Marie) are known throughout the world. Music fans who have followed Presley family news for decades may be interested in a developing situation involving Priscilla Presley and her granddaughter. The two are locked in probate litigation regarding a trust fund.
Priscilla was once listed as a trustee for the fund, as well Barry Siegel, who is the former manager of Priscilla’s now-deceased daughter, Lisa Marie Presley. She challenged her late daughter’s will upon learning that a change had been mind and her name (as well as Siegel’s) removed as trustees, leaving only the names of Lisa Marie’s children, Riley and Benjamin Keough. Benjamin died by suicide some years back, which means that Riley Keough would now be the sole trustee of the trust fund, which is worth millions.
Priscilla Presley claims that Lisa Marie’s signature is a forgery
When a change is made to an estate plan, the estate owner must sign the document that sets forth the amendments. The signature must be added in accordance with applicable laws to meet the requirements for validity. In this case, Priscilla Presley claims that her daughter’s signature was forged, thereby making her will (and the removal of her name as trustee) invalid.
Priscilla asserts that estate planning laws require a trust amendment to have been delivered to her while her daughter was still alive, which did not occur. Priscilla’s name was also misspelled on the amended document, which, her attorney argues, may also invalidate the document. A probate court judge will have the final say, and many Elvis Presley fans are awaiting the ruling, which will have a significant impact on Lisa Marie’s estate.