Lisa Marie Presley was found by her housekeeper in an unresponsive state on the 12th of January 2023, she had suffered from a cardiac arrest and was rushed to the hospital. Her mother Priscilla Presley released this in a statement to People, "My beloved daughter Lisa Marie was rushed to the hospital. She is now receiving the best care. Please keep her and our family in your prayers."
It wasn't so long after that the news of the American singer-songwriter's death broke. The 54-year-old star was the only child of the legendary rock n roll artist Elvis Presley who followed in his footsteps by pursuing a career in music.
Lisa Marie Presley made headlines again after her death with the announcement that her daughters, Riley Keough, and twins Finley and Harper Lockwood, will inherit Graceland, the mansion that once belonged to their grandfather, Elvis Presley.
What Happened To Lisa Marie Presley?
Lisa Marie Presley was born on February 1, 1968, in Memphis, Tennessee. Growing up in the shadow of her father's fame, Lisa Marie's childhood was not without its struggles, including her parent's divorce when she was just four years old.
Despite this, Presley inherited her father's musical talent and began writing and recording her own music as a young adult. She has released several albums over the years, including her debut album "To Whom It May Concern," which was certified gold in the United States.
In addition to her successful music and acting career, Presley was involved in various philanthropic endeavors over the years. She supported charities such as the Dream Factory, which helps fulfill the final wishes of terminally ill adults, and the Presley Charitable Foundation, which provides assistance to organizations focused on children's education, health, and welfare.
Lisa Marie Presley was vocal about her struggles with addiction and mental health, using her platform and her book to raise awareness about these issues and encourage others to seek help.
Presley was famously married to the pop icon Michael Jackson in the late 1990s and early 2000s, and their high-profile relationship was closely scrutinized by the press. She has also been in the spotlight for her struggles with addiction and her highly publicized divorces, including from musician Danny Keough and actor Nicolas Cage.
Lisa Marie Presley's Daughters Will Inherit Graceland
Lisa Marie Presley made news again after her death when it was announced that her daughters, Riley Keough and twins Finley and Harper Lockwood, would inherit the mansion Graceland, located in Memphis, Tennessee formerly belonging to their grandfather, Elvis Presley. Graceland is a popular tourist destination that attracts millions of visitors every year.
Presley and Danny Keough her ex-husband had two children, Riley, 33, and Benjamin, 27, who died by suicide in July 2020 while the twins Harper and Finley were from her previous marriage to Michael Lockwood.
The estate has been owned and operated by Elvis Presley Enterprises, a company that was majority-owned by Lisa Marie Presley, since 1982. While the details of the inheritance have not been publicly disclosed, it is clear that Riley, Finley, and Harper will continue the Presley family's legacy at Graceland and have the opportunity to shape its future.
Why Did Priscilla Presley Contest Lisa Marie's Will?
BBC News reported that Priscilla Presley, the ex-wife of the late rock and roll icon Elvis Presley and Lisa Marie's mother has contested the validity of the will of her late daughter and has thus filed a challenge in court.
The legal challenge is disputing a 2016 amendment made to Lisa Marie's will, which removed Priscilla as the estate trustee and replaced her with Lisa Marie's two children, Riley and Benjamin Keough.
Even though Benjamin Keough died in 2020, this has made Riley the sole trustee named in the amendment. Priscilla's lawyers argue that the amendment is invalid, they cited several issues including a misspelling of her name and an unusual signature on the will claimed to be Lisa Marie's.
According to BBC, they also claim that Priscilla was not made aware of the amendment during her daughter's lifetime, which would have been required by the will. This challenge could result in Priscilla being reinstated as the estate trustee and regaining control over her daughter's assets. While it's unclear how much Lisa Marie's estate is worth, several recent lawsuits suggest that there were serious problems with her finances.
However, a friend of Lisa's told People that it was Lisa's wish that her children inherit Graceland after she is gone, she also expressed that for years, Priscilla had done nothing, and it was Lisa who had been at the forefront of everything. She also expressed that at the time Lisa made changes to the will, she had no tangible relationship with her mother. This and more were reasons why she decided to change the will and make her children the inheritors of Graceland.
Inside Lisa Marie Presley's Net Worth And Debt
According to People, Lisa Marie is in debt though it is unclear exactly how much Lisa Marie Presley was owing in debt at the time of her death. However, several recent lawsuits and court filings suggest that her finances were not in good shape, as of the time of her divorce proceedings with her last husband, Michael Lockwood, she was $16 million in debt.
In 2016, Lisa Marie filed a lawsuit against her former business manager, Barry Siegel, alleging that he had mismanaged her finances and left her with only $14,000 despite inheriting over $100 million from her father's estate. Siegel denied the allegations and filed a countersuit.
However, Lisa Marie continued to face financial troubles, and in 2019, it was reported that she owed over $1 million in unpaid taxes. Additionally, in 2020, she put her home in England up for sale, which was listed for £3.35 million. While it is unclear how much Lisa Marie's outstanding debts were at the time of her death, the lawsuits and financial troubles suggest that her estate may not be as financially stable as it once was.
In fact, Lisa Marie's net worth at the time of her death was -$10 million. This is because of the case of mismanaged assets, unpaid taxes, and a series of legal battles she was embroiled in before her death. Most of these and more contributed to the negative status of her net worth.
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