Money matters are still brewing nearly two months after Lisa Marie Presley’s tragic death at age 54. At the time of her death, Lisa Marie was survived by her eldest daughter Riley Keough and twin children Finley and Harper Lockwood, 14. Since her death, close sources have rumored that Lisa’s estate, said to be worth over $35 million, has been in contention within the family.
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Michael Lockwood – Reportedly Makes Move To Represent His Underaged Twins In Court in Latest Property Battle
According to Hollywood Life, Michael Lockwood, 61, has filed documents to represent his twins with the late singer in a battle over her estate, which includes tens of millions in insurance policies. One of this insurance is said to be worth over $25 million, the second is worth $10 million, and there’s reportedly a third but no one knows if it is still eligible to be drawn.
Another thing left behind by Lisa for her kids, which she shared equally among them, is Elvis Presley’s famous Graceland home.
Following Lisa’s death on Jan. 12, Riley Keough, 33, was the sole trustee of Lisa’s estate, but Priscilla immediately took legal steps to challenge it, trying to get the court to declare it invalid, per the New York Post.
The news of her contention of the estate caused a controversy and she took to social media to deny the reports.
“I loved Elvis very much as he loved me,” she said in a statement to PEOPLE on February 3, 2023. “Lisa is a result of our love. For anyone to think anything differently would be a travesty of the family legacy and would be disrespectful of what Elvis left behind in his life.”
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Priscilla Presley Then Attacked The Reports Of The Family Struggling Over Lisa Presley’s Estate By Saying That They Have Not Come From Within The Family.
“This person is not a representative of Elvis or our family,” she continued. “Please allow us the time we need to work together and sort this out. Please ignore ‘the noise.’ As I have always been there for Elvis’ legacy, our family and the fans, I will continue to forge a pathway forward with respect, honesty, dignity, integrity and love.”
Without naming anyone, she cryptically added that “an individual that bought their way into the family enterprise was trying to speak on behalf of our family.”
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