Michael Lockwood, ex-husband of Lisa Marie Presley, has submitted legal paperwork to represent their twin daughters,14, in a hearing related to Presley’s multi-million dollar trust fund, which includes the Graceland and a 15% stake in Elvis Presley Enterprises.
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According to TMZ, Lockwoodn was married to Presley from 2006 until 2021 and is requesting ‘guardian ad litem’ status from the judge in order to speak on behalf of their daughters. Presley, who tragically passed away from a cardiac arrest earlier this year at 54, had two life insurance policies worth $25 million and $10 million.
Before her passing, Lisa Marie removed her mother Priscilla as a trustee and replaced her with her eldest daughter, 33-year-old Riley Keough. In 2016, Lisa Marie amended her will and removed her mother as the executor, instead naming her two adult children, Benjamin and Riley Keough, as the sole heirs.
Inside Priscilla Presley and Riley Keough’s Fight Over Lisa Marie’s Trust
Following Benjamin’s tragic suicide in 2020, Riley became the sole heir to the trust. However, Priscilla is now fighting the amendment that removed her from the trustee position. This legal battle could result in Riley potentially facing opposition from both Michael Lockwood and Priscilla in court over the trust.
According to a source close to the family, it’s been an emotional few weeks for Riley and Priscilla as they navigate their conflict over Lisa Marie’s estate. An insider allegedly spoke to Entertainment Tonight saying that the women are no longer speaking to each other as a result of Priscilla’s challenging her daughter’s will.
“Riley has been mourning the loss of her mother and is heartbroken to have to deal with a trust dispute with a family member,” the source stated.