Lisa Marie Presley Leaves $35 Million in Children’s Insurance Policies

The Lisa Marie Presley family was taken aback by the sudden change in the singer’s assets. After discovering that Elvis Presley’s daughter accumulated millionaire debts, his three heirs were informed about two life insurance policies worth a total of US$ 35 million, equivalent to almost R$ 200 million.

According to the TMZ website, because of debts of approximately US$ 4 million, about R$ 20.5 million, before she died Lisa even tried to withdraw one of the policies to pay the bills, but problems with documentation prevented her from withdrawing the amount. Now, Riley Keough, 33, and twins Finley and Harper Lockwood, 14, who are the beneficiaries and will receive equal amounts, will be able to pay off the debts.

But the situation may not be that simple for Lisa Marie’s heirs. As the twins are minors, the money goes into a trust fund. In 2010, she created this legal agreement by naming mother Priscilla and son Benjamin as trustees.

However, in 2016, the singer cut her mother’s name and named her eldest daughter instead. With the boy’s death in 2020, aged 27, Riley became the sole administrator of Lisa’s estate. Priscilla filed a lawsuit last Friday (27) legally contesting the document that withdrew her from the inheritance.

Elvis Presley’s ex-wife claims that the documentation is not valid and claims she was not advised of Lisa’s decision. She also questions the date of the document and the fact that her name was misspelled in it. For her, her daughter’s signature “seems inconsistent with her usual signature”, according to information published by TMZ.

Lisa Marie Presley, the only child of singer Elvis Presley, died on Thursday, January 12, aged 54, after being hospitalized because of a cardiac arrest.