09.03.2023 / 20:05
Why are Riley Keough and Priscilla Presley fighting over Lisa Marie's will? All we know about million-dollar legal battle
Lisa Marie Presley's sudden and tragic passing on January 12, her family members she left behind, including her eldest daughter Riley Keough and her mother, Priscilla Presley, have not only been mourning her, but they've also been embroiled in legal drama over the late singer's estate.The two women have been in a tense battle over Lisa Marie's will, especially over an amendment the star made to it in 2016 which made Riley, as opposed to Priscilla and Lisa Marie's former business manager Barry Siegel, the sole trustee.Priscilla and Barry had been co-trustees since 2010, but in 2016, they were removed in favor of Riley and her late brother Benjamin Keough, who died by suicide at age 27 in 2020.WATCH: Lisa Marie Presley's last on-screen interview with daughter RileyMORE: Priscilla Presley says Elvis Presley would say 'you are me' of Austin Butler's portrayal of himBeing that Lisa Marie is the only daughter of the late Elvis Presley, Graceland – the home the King of Rock bought in 1957 for $100,000 at age 22, and that today generates millions of dollars per year in revenue – is at stake.Also at risk, is a 15 percent stake in Elvis Presley Enterprises, which since 2016 was meant to go to Riley. This contributes to the millions of dollars the Presley estate generates each year.MORE: Riley Keough recalls her relationship with stepfather Michael Jackson: 'I loved him'Since 2013, Authentic Brands Group has owned the rights to Elvis, and though Lisa Marie remained owner of Graceland until her death, the deal called for new management of the property.