Priscilla Presley Disputes Trust of Late Lisa Marie Presley
LOS ANGELES—Priscilla Presley has filed legal documents disputing who oversees the estate of her late daughter Lisa Marie Presley.
The filing in Los Angeles Superior Court last week disputes the validity of a 2016 amendment to Lisa Marie Presley’s living trust that removed Priscilla Presley and a former business manager as trustees and replaced them with Lisa Marie Presley’s two oldest children, Riley Keough and Benjamin Keough, if she died or became incapacitated. Benjamin Keough died in 2020.
A living trust is a form of estate planning that allows a person to control their assets while alive, but have them distributed if they die. It serves the function of a will if a separate will is not filed, as appears to be the case with Lisa Marie Presley….