Riley Keough is refusing to pay the debt on late mom Lisa Marie Presley’s U.Okay. house one yr after her dying.
Keough, 34, pushed again on Barclays Financial institution’s request for her to pay an excellent steadiness of roughly $1.6 million, per authorized paperwork obtained by Us Weekly.
Presley bought her Coes Corridor property in Rotherfield, England, in 2010 with a mortgage from Barclays. The financial institution is now claiming that Presley personally assured reimbursement earlier than she died.
Keough, who’s the only real trustee of her mom’s property, maintained in her courtroom submitting that she shouldn’t be held chargeable for the debt attributable to a statute of limitations requiring the financial institution to make its declare by January 12, the one-year anniversary of Presley’s dying. Keough additional alleged that Presley solely assured mortgage curiosity funds between 2010 and 2015.
Presley put Coes Corridor available on the market in 2016 after her break up from then-husband Michael Lockwood. The house was ultimately bought in 2021.
Elvis Presley’s daughter died at age 54 in January 2023 after struggling a cardiac arrest. Her dying was attributable to a small bowel obstruction, per an post-mortem report obtained by Us.
Along with Riley, Lisa Marie is survived by her mom, Priscilla Presley, and twin daughters Finley and Harper, 15, whom she shared with Lockwood, 62. (Lisa Marie’s son, Benjamin, died by suicide at age 27 in July 2020.)
Following Lisa Marie’s dying, Riley turned engaged in a authorized battle with Priscilla, 78, who filed to contest her daughter’s will. A settlement was reached in Might 2023, with Riley’s half sisters being named sub-trustees. Priscilla was reportedly given a $1 million lump sum fee and $400,000 in authorized charges.
Riley clarified in her September 2023 Self-importance Honest cowl story that she and her grandmother had been “by no means not joyful” with each other as they hashed out the main points of Lisa Marie’s will. A supply beforehand advised Us that Riley served because the mediator between her mother and her grandmother.
“Riley knew there was rivalry together with her mother and grandmother and has all the time tried to be a bridge between them,” an insider solely revealed in March 2023. “She’s nonetheless doing this even after her mom’s dying, however nonetheless honouring her mom’s needs.”
The supply additionally famous that “Riley knew she can be the trustee for her mom, in order that was no shock,” including, “She’s been speaking together with her dad and sisters.”
One yr after Lisa Marie’s dying, Riley shared a candy throwback picture by way of Instagram and captioned the snap with a coronary heart emoji. The put up got here days after Riley introduced she plans to launch the memoir her mom was engaged on earlier than her dying later this yr.