I. Introduction
Lisa Marie Presley, the only child of music legend Elvis Presley, has been in the headlines recently due to her financial struggles. Despite inheriting her father’s multi-million dollar estate, Presley has found herself in a precarious financial situation, owing millions of dollars in debts and loans. This article delves into the legal battles, financial woes, and estate inheritance of Lisa Marie Presley, providing an in-depth exploration of who gets her money.
II. The Broke Billionaire: A Look into Lisa Marie Presley’s Financial Woes and Who She’s Paying Out to
Despite being considered a billionaire, Lisa Marie Presley’s financial situation has taken a dramatic hit in recent years. In 2017, Presley revealed that she was $16 million in debt, with $10 million owed in taxes and another $6 million in unpaid debts and loans. Presley has been making payments to various creditors to settle her debts, including paying out $3.8 million to former business manager Barry Siegel.
III. Family Feud Continues: Sorting Out the Legal Battles Over Lisa Marie Presley’s Estate
Legal battles over Lisa Marie Presley’s estate have been ongoing for several years. In 2018, Presley filed a lawsuit against her former business manager, Barry Siegel, claiming that he had mishandled her finances and caused her to lose millions of dollars. Siegel counter-sued, alleging that Presley’s financial woes were due to her own poor spending habits and entitlement. The case is ongoing.
IV. From the King’s Daughter to the Pop Princess: How Lisa Marie Presley’s Inheritance is Dispersed Among Her Children and Spouses
Lisa Marie Presley has been married four times and has four children, each of whom are entitled to a share of her estate. Her first two children, Riley Keough and Benjamin Keough, are both the children of musician Danny Keough. Lisa Marie’s third child, Finley Lockwood, and fourth child, Harper Lockwood, are the children of Presley’s fourth husband, Michael Lockwood.
V. A Deep Dive into Lisa Marie Presley’s Inheritance: Who is Entitled to What and Why
Despite being the only child of Elvis Presley, Lisa Marie’s inheritance is divided among her children and her ex-spouses as per her father’s trust. According to reports, Lisa Marie Presley’s estate is worth approximately $71 million. However, it’s unclear how much of this will be left over after settling her debts and legal battles. The distribution of her wealth will depend on the outcome of these legal battles.
VI. Following the Money Trail: Investigating the Factors That Determine Who Receives Lisa Marie Presley’s Fortune
Determining who will receive Lisa Marie’s fortune will depend on various legal and familial factors. Finley and Harper Lockwood are both minors, which means their inheritance will be placed in a trust until they are of age. Meanwhile, the estates of Elvis Presley and Lisa Marie Presley’s mother, Priscilla Presley, may also be entitled to a portion of her wealth.
VII. A Battle Between Husband and Wife: Priscilla Presley and Michael Lockwood Fight Over Lisa Marie Presley’s Finances
Priscilla Presley, Lisa Marie’s mother, has spoken out against Lisa Marie’s management of her finances and has filed legal proceedings against Michael Lockwood, claiming that he is entitled to a portion of Lisa Marie’s estate. Meanwhile, Michael Lockwood alleges that Lisa Marie’s financial woes are due to her own poor decision-making.
VIII. Conclusion
Lisa Marie Presley’s financial situation serves as a warning for anyone inheriting large sums of money. Legal battles, poor financial management, and debts can quickly diminish even the largest of fortunes. It’s unclear who will ultimately receive Lisa Marie Presley’s fortune, but as the legal battles continue to unfold, it’s likely that the distribution of her wealth will continue to be a topic of interest in the media and among fans of the Presley family.
