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Source Says Lisa Marie Presley Did Not Want Any Of Her Trust To Go To Mother Priscilla

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Priscilla Presley is hoping to change her daughter Lisa Marie Presley‘s will. Lisa Marie recently passed away at the age of 54. She left her entire trust, including Graceland, and 15 percent ownership of her father Elvis Presley’s estate to her three daughters. Her mother, Priscilla filed a petition questioning the “authenticity and validity” of the will.

A source who says they are a close friend of the late Lisa Marie shared, “Lisa’s intent was very clear. Lisa really didn’t feel that Priscilla was doing anything in her best interest.” Reportedly, Lisa Marie added an amendment in 2016 that booted former business manager Barry Siegel and Priscilla as co-trustees.

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Priscilla Presley is hoping to make changes to her daughter Lisa Marie Presley’s will

LOS ANGELES – JUN 21: Harper Vivienne Ann Lockwood, Lisa Marie Presley, Priscilla Presley, Riley Keough, Finley Aaron Love Lockwood at the Handprint Ceremony Honoring Priscilla Presley, Lisa Marie Presley And Riley Keough at TCL Chinese Theater IMAX on June 21, 2022 in Los Angeles, CA / carrie-nelson/Image Collect

Priscilla is questioning the validity of the amendment because there are reportedly no witnesses or notarizations. She wants to remove the amendment and go back to the 2010 will that includes Priscilla as a trustee.

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RELATED: See Lisa Marie Presley’s Emotional Response To The Release Of The New ‘Elvis’ Movie

Photo by: Raoul Gatchalian/starmaxinc.com STAR MAX 2015 ALL RIGHTS RESERVED Telephone/Fax: (212) 995-1196 4/23/15 Priscilla Presley and Lisa Marie Presley at a Ribbon Cutting Ceremony for Elvis The Exhibition at The Westgate Hotel & Casino. (Las Vegas, Nevada) Image Collect

The source added, “There’s substantial documentation that basically Lisa was the only trustee. Priscilla did not participate in anything, as [Siegel also] hadn’t for years before… At the end of the day, a trustee is supposed to have limited power — they’re supposed to not be able to do anything bad or stupid. No one can argue that Riley being the trustee is going to not be to the benefit of the twins.”

LISA MARIE PRESLEY, publicity portrait, promoting her CD, TO WHOM IT MAY CONCERN, 2003. (c)Capitol Records. Courtesy: Everett Collection

Lisa Marie became the sole heir and inherited Graceland when her grandfather Vernon Presley and great-grandmother Minnie Mae Hood Presley died.

RELATED: Hollywood Stars React To The Sudden Death Of Lisa Marie Presley

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