Lisa Marie Presley's ex-husband Michael Lockwood has been appointed legal guardian of their twin daughters — amid insider concern that this is the last thing the tragic star wanted.
Lisa Marie Presley's ex-husband has won full custody of their two win daughters following her sudden death in January. Lisa Marie Presley's ex-husband has won full custody of their two twin daughters following her sudden death in January.
According to new reports, Michael Lockwood, the ex-husband of Lisa Marie Presley and the father of their twin daughters Harper and Finley, both 14, was granted full custody of the children at a custody hearing in Los Angeles on Tuesday.
In 2008, she welcomed twin daughters Harper and Finley with then-husband Michael Lockwood, though the two divorced in 2016. In July 2020, Benjamin died by suicide and Lisa Marie was "beyond devastated" by the death of her son.
Howse also said that Priscilla added, "Riley and I get along well," and got emotional while discussing her granddaughter's success on the Prime Video series Daisy Jones & The Six. "She came across as being very proud," Howse said.
In late January, Priscilla's legal team filed paperwork in a Los Angeles court challenging the “authenticity and validity” of an amendment to her daughter's trust that left Lisa Marie's daughter Riley Keough as the sole trustee. Priscilla's legal challenge argues that a 2016 change to Lisa Marie's trust is suspect.
Priscilla Presley's net worth is around $50 million according to Celebrity Net Worth.
A representative of Graceland told People that the property will now be passed on to Lisa Marie's three daughters, Riley, Harper and Finley.
Lisa Marie became the the sole owner of the mansion when the trust holding her inheritance dissolved on her 25th birthday in 1993. Graceland has become a popular tourist attraction over the years, with public tours on offer as well as sprawling museum exhibits.
In 1983, during her 25th birthday, Lisa Marie finally inherited her father's entire estate, which had grown to about $100 million.
Elvis and Priscilla shared custody of their daughter from 1972. 'He'd send his jet, the Lisa Marie, to take her from LA to Utah, so she could play in the snow,' wrote Burn. 'Lisa Marie was so used to seeing people jump at her father's command, that she took years to overcome this habit,' recalled Priscilla.
Some may be surprised to learn that Priscilla Presley is a mom of two. In 1987, more than a decade after her divorce from Elvis Presley, Priscilla Presley welcomed a second child with producer Marco Garibaldi, her partner of over two decades.
According to the estate's official website, Graceland was left to Lisa Marie in trust when she was just 9 years old. The trust officially dissolved in 1993 upon her 25th birthday when she took full ownership of the home.
They also had a son Benjamin, who took his life aged 27 in 2020. Michael is married to Beauty Beach Lounge hairstylist Stephanie Hobgood and they live in an estate estimated to be worth $800,000 in Thousand Oaks, California.
Prior to her death, she was worth $16 million.
The Upstairs Remains Off Limits
Presley's primary suite on the second floor of Graceland was his most private refuge, where only his closest confidants were allowed. It was there, in his bathroom, that Presley's body was found on Aug. 16, 1977.
Presley's three daughters, Riley, Harper and Finley, will inherit the Tennessee estate, according to a representative. Presley became the sole heir to Graceland and its 17,500 sq ft (1,626 sq m) mansion when she turned 25.
Did Ginger Alden Attend Elvis' Funeral? Yes. As his fiancée at the time, it is believed that Ginger Alden was present for Elvis' funeral. Following the funeral, however, she was reportedly banned from Graceland by Presley's family and had to receive permission to visit his grave.
As the sole trustee, Keough will be the owner of Graceland. In exchange for Priscilla's resignation as a trustee, Keough will pay Priscilla a lump sum and reimbursement of legal fees up to $400,000. Priscilla will serve as a "Special Advisor to the Trust" and will be compensated monthly by Keough.
Lisa Marie Presley's net worth was negative $10 million at the time of her death, according to Celebrity Net Worth.
According to Celebrity Net Worth, the King of Rock n' Roll was worth an estimated $5 million at the time of his death in August 1977. Adjusting for inflation, Elvis Presley's net worth when he died would round out to around $20 million by today's standards.
Graceland Holdings LLC, led by managing partner Joel Weinshanker, is the majority owner of EPE.
Riley Keough to Pay Priscilla Presley $1 Million and $400K in Legal Fees to Settle Family Trust Suit.