Saturday, April 1, 2023

Lisa Marie Presley, daughter of Elvis Presley, Died With $4 Million in Debt

Lisa Marie Presley, daughter of the late Elvis Presley and Priscilla Presley, died after being hospitalized due to cardiac arrest, according to her mother.

Aside from the details of her death, the news was full of stories about her money because she got a huge payout from her life insurance policies. Although she died with a $4 million debt, her estate will reach $35 million from the two different life insurance policies. The singer knew about her debt, so she tried to cash in one of her life insurance policies early, in which she could receive $2 million; however, because of a problem with the paperwork, it did not happen. Instead, her three children, Riley Keough, now an actress, and twins Finley and Harper Lockwood, are now the beneficiaries. However, since the twins are still minors, the money will transfer into a trust. Lisa created the trust in 2010, including her mother and her business manager, Barry Siegel, as her trustees. In 2016, however, she changed it by taking out her mother and adding Riley and Benjamin instead.

Before her sudden death, Lisa Presley was allegedly on a weight loss regimen and took opioids for two months. As a result, she lost 40 to 50 pounds in just six weeks. She also had plastic surgery before appearing at the Golden Globes with her mother to support the biopic film ‘Elvis’ directed by Baz Luhrmann. Austin Butler, who portrayed her father, won the Best Actor award.

Aside from her three children, she also had a son named Benjamin Keough, who took his own life at 27 in 2020. Lisa always remembered her son’s death anniversary; her latest post was on her Instagram, where she posted a photo of their matching tattoos on their feet. Lisa Presley also sent an essay for National Grief Awareness Day about losing her son. She mentioned that she and her daughters were devastated by his death because she knew she would carry it for the rest of her life. However, she added that because of her daughters and those who experienced the same tragedy, she found comfort. In addition, she understood that her son, during his final moments, made it clear that what was important to him was taking care of his sisters and always looking out for them.

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