Priscilla Presley and Riley Keough dispute Lisa Marie Presley’s two million-dollar insurance policies

Lisa Marie Presley passed away on January 12, and a few days after her death, it emerged that her mother, Priscilla Presley , filed legal documentation against her granddaughter, Riley Keough, to obtain full control of her daughter’s estate. , an inheritance that would be valued at more than 30 million dollars .

Elvis Presley’s daughter died leaving a debt of millions of dollars, but also a great fortune with her insurance policies, which have become the matter of dispute between the mother (Priscilla) and her granddaughter (Riley). The only descendant of the “King of Rock and Roll” had two life insurance policies, one for 25 million dollars and the other for 10 million , according to information released by TMZ .

According to the American media, sources close to the family assured that Lisa Marie could have had a third policy valued at another 10 million dollars , although it could have expired. Lisa tried to collect on the 25 million policy to pay off some of the debts she had, totaling four million dollars.

TMZ detailed that months before his death, Elvis’s daughter notified the insurance company to withdraw the policy, for which she had to complete a series of requirements to obtain a sum of only 2 million; however, there was a paperwork error and the insurance was never collected.

The outlet mentioned that Elvis’s daughter’s debts would have to be paid with the money from her life insurance . After canceling the debt, there will be approximately 30 million dollars left to be distributed in equal parts to Lisa Marie’s children, this, counting on the third policy having expired.

The documents indicate that Presley’s three daughters, Riley Keough, Finley (14) and Harper Lockwood , are the beneficiaries of their mother’s estate , but since the twins are minors, their share of the inheritance would be protected. in a trust.

Control of this trust is being disputed by Riley and her grandmother, Priscilla , as Elvis’s widow has cast doubt on her daughter’s estate documents. The woman assured that, supposedly, they removed her as manager of the trust and named her granddaughter older than her, a change that Lisa herself would have made in 2016.