About two weeks have passed since Lisa Marie Presley passed away, many revelations about the singer have come to light. Recently, the world discovered that the entertainment star took out multiple life insurance policies before she died. Here are the details below.
New Documentary Claims Lisa Had Lots Of Cash
The world is still mourning Lisa’s death. She died on January 12, 2023, following a cardiac arrest. However, a new documentary dedicated to Elvis Presley’s only child has revealed Lisa was “flush with cash” just before she died.
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Lisa Reportedly Took Out Three Life Insurances
According to the documentary TMZ Investigates: Lisa Marie Presley: Unending Tragedy , the mother of four took out up to three different life insurance policies shortly before she passed.
Lisa Was Debt-Ridden
Lisa was notoriously terrible with money, much like her father, and reportedly lavished on the $100 million she inherited from Elvis when he died. Furthermore, she was allegedly debt-ridden at the time of her death, owing up to $4 million, with $2.5 of the amount owed to the IRS.
Lisa’s Estate Was Flushed With Cash
But despite Lisa being in debt allegedly, TMZ Executive Producer Charles Latibeaudiere disclosed in a clip from the new production that they discovered her estate was suddenly flushed with cash on the day the singer died.
Details Of The Insurance
Another TMZ Executive Producer, Harvey Levin, confessed that sources close to Lisa revealed the large cash resulted from the life insurance policies. According to the source, the first was for $25 million, and the second life insurance was for $10 million.
Lisa’s Children Will Share The Insurance Policies
Harvey further said there may have been a third insurance for $10 million, but they were unsure if it lapsed. The ultimate outcome was that Lisa’s three children had more than $30 million to share amongst themselves.
Lisa Also Owned The Graceland Estate
Besides the life insurance policies, she was also the owner of the famous Graceland Estate, which she inherited from her father and had become a tourist attraction for Elvis’s fans, receiving hundreds of thousands of visitors yearly.
Who Will Inherit The Mansion?
Now, it has been confirmed that Lisa’s three children, Riley Keough and twins Harper and Finley, will inherit the mansion. However, Lisa’s mother, Priscilla Presley, has a problem with the inheritance, as she is fighting hard to get the estate.
Lisa’s Mom, Priscilla, Fights To Get The Estate
Priscilla has filed legal documents to set aside an amendment to Lisa’s trust. She is questioning the validity and authenticity of the amendment, claiming it was never delivered to her, the date on the document is suspicious, and Lisa’s signature appears inconsistent.
