Incriminating court filings claim that Riley Keough was dismissed from her position as trustee after being suspected of using Lisa Marie Presley’s “inconsistent signature” instead.

For Priscilla to set aside an amendment to Lisa Marie’s 2010 trust, she had to file legal paperwork. Instead of her and her daughter’s former business manager Barry Siegel, Riley and the late Ben Keough are now listed as trustees.

Riley is now the only trustee for Lisa Marie’s estate after Ben Keough committed suicide in 2020; however, Priscilla wants to undo this arrangement.

Lisa Marie’s signature “appears discordant with her usual and customary signature,” the addendum’s date is allegedly strange, and Priscilla’s name is misspelled on the document, according to Priscilla, who has questioned the addendum’s legality and legitimacy.

Lisa Marie signed a revocable living trust on January 29, 1993. On January 27, 2010, she revised it and completely rephrased it.

Lisa Marie Presley said in a court document that she “nominated her mother, Petitioner, and her former business manager, Barry Siegel, as co-Trustees, effective as of the date of the 2010 restatement.”

The 2010 Restatement further states that Petitioner and Barry Siegel will keep their positions as co-Trustees in the event of Lisa Marie Presley’s infirmity or death later on.

The daughter of the King of Rock ‘n’ Roll filed a lawsuit against Siegel and Lisa Marie in 2018, alleging that Siegel had prioritized his own financial interests over Lisa Marie’s. Then she stopped speaking to Siegel.

According to Lisa Marie’s most recent filings, Priscilla found an existing agreement with an addition filed on March 11, 2016, after Lisa Marie vanished.

According to court documents, “the purported 2016 Amendment removed and replaced Petitioner [Priscilla] and Barry as both current and successor Trustees of the Trust with Lisa Marie Presley as the current Trustee and naming Lisa Marie Presley’s daughter Riley Keough (“Riley”) and son Benjamin Keough (“Benjamin”) as successor co-Trustees of the Trust upon Lisa Marie Presley’s incapacity and/or death.”

The authenticity and legality of the purported 2016 Amendment are subject to numerous questions.

The court document continues:

The Trust’s explicit terms state that the claimed 2016 Amendment was never given to the petitioner while Lisa Marie Presley was still alive.

On March 14, a.pdf file containing the claimed trust change’s date was added.
The name of her mother is misspelled in the purported 2016 Amendment that Lisa Marie Presley is claimed to have signed.
On the signature page, the purported 2016 Amendment’s specifics are not completely disclosed.
The signature of Lisa Marie Presley doesn’t seem to represent her typical or regular style.
The so-called 2016 Amendment was not notarized or witnessed.
The only child of Elvis and Priscilla Presley, Lisa Marie Presley, died unexpectedly on January 12 at the age of 54. She also left behind a challenging financial path that was riddled with setbacks and financial issues in addition to a rock and roll legacy.

Like her father, Lisa Marie is a singer-songwriter, although she isn’t wealthy enough to be listed among Forbes’ highest-paid artists. In fact, some celebrity blogs claim that Lisa Marie’s net worth was actually negative at the time of her passing.

According to a Graceland administrator quoted in the Los Angeles Times, Lisa Marie still had a trust that gave her children the right to inherit Graceland, the former home of Elvis Presley that is now a popular tourist site.

When she sued Siegel in 2018, claiming that he had mismanaged her funds and caused her $100 million trust to fall to $14,000 in cash by 2016, a full picture of her financial status was made public.

According to Reuters, the lawsuit also stated that Lisa Marie had racked up a $500,000 credit card bill.

According to the lawsuit, Lisa Marie’s “11-year odyssey to financial disaster” allegedly started in 2005.

It is estimated that Lisa has suffered damages in excess of $100 million, despite the fact that the exact degree of her losses has not yet been determined.

She started the action after formally divorcing musician Michael Lockwood in 2021.

In the divorce proceedings, Lisa Marie allegedly claimed that she owed $16 million, the majority of which was owed in unpaid taxes.

Priscilla attributed the main cause of her financial difficulties to a 2005 agreement to sell an 85% ownership in the Elvis Presley Estate (EPE) to CKX, a media organization that also oversaw the television competition “American Idol.”

According to the Associated Press at the time, she earned $50 million plus shares in CKX, kept a 15 percent ownership stake in EPE, and received the title to Graceland.

Later, CKX was purchased by Apollo Global Management for $509 million.

In Lisa Marie’s lawsuit, it was alleged that Siegel put his own financial interests before of hers by using the trust funds to purchase a $9 million English property.

In his own situation, Siegel retaliated by asserting that Lisa Marie’s financial issues were due to her own mistakes. The accusation, according to Reuters, stated that she had “spendthrift ways” and had “twice spent” her riches.

However, Lisa Marie, who was nine years old when her father passed away, remained the sole owner of Graceland, and it’s likely that she’ll continue to make money from her 15% investment in EPE.

Lisa Marie claimed a year ago that “Elvis Enterprises” gave her payments of more than $104,000 per month.

Years passed as the case against Siegel continued.

A judge allowed her move in 2019 to stop answering subpoenas for her bank information and to restrict her request to bank records from before 2016. She had achieved a small win in this.

By 2021, the case was still pending.

When they originally divorced in 2016, Lockwood requested $263,000 annually from her so he could “enjoy a lifestyle that is closer to my marital state of living.”

In addition, he asked for child support of $40,000.

He claimed that his attorneys misled him despite the fact that they had a prenuptial agreement.

Although she prevailed in the case in 2018, Lockwood returned to court in 2021 to seek child support. She had been fabricating her financial situation for years, trying to avoid having to support him.

He pressed her to follow through on her pledge to pay, using the justification that she had plenty of money because to her $1 million book deal and the Elvis biography.

She died while the inquiry was still going on.

Finley and Harper Vivienne, the 14-year-old twins of Lockwood and Lisa Marie, were at the focus of a custody dispute that looked to be resolved last week. According to reports, the 61-year-old guitarist had full custody.

Insiders claim that since Lisa Marie’s passing, the teenagers have lived with Lockwood, with whom the musician had previously shared joint custody.

Danny Keough, Lisa Marie’s ex-husband, reportedly considered filing a custody lawsuit after relocating to help her financially.

Lockwood already had joint custody, and under California law, he could only have been denied sole custody if it had been established that he was unfit.