Wills, Trusts & Estates Prof Blog

Editor: Gerry W. Beyer
Texas Tech Univ. School of Law

Friday, January 13, 2023

Lisa Marie Presley, Singer and the Only Child of Elvis, Dead at 54

LMPresleyLisa Marie Presley, singer, and the only child of Elvis Presley, died on Thursday at the age of 54. Her mother, Priscilla Presley, released a statement confirming the news Thursday evening shortly after reports that her daughter was rushed to a hospital in Calabasas, California.

As the only child of Elvis, Lisa Marie Presley was the sole beneficiary of her father’s massive estate, which she received on her 25th birthday. A few years later she turned Graceland into a museum, which was a massive hit with the public. This increased the value of the estate to $100 million.

By 2004, the estate was in debt to the tune of $25 million. Presley agreed to sell 85 percent of the business, which absolved her of the debt, and earned her another $53 million in cash. However, during her divorce from her fourth husband, Michael Lockwood, it became public knowledge that she was $16.7 million in debt, with total liquid assets of less than $20,000 and an additional $500,000 in credit card debt.

Presley is survived by her mother, Priscilla, and children Riley Keough, Finley Aaron Love Lockwood, and Harper Vivienne Ann Lockwood. Her son Benjamin Keough died by suicide in 2020.

For more information see Charisma Madarang “Lisa Marie Presley, Singer and the Only Child of Elvis, Dead at 54, Rolling Stone; Distractify Staff “What Was Lisa Marie Presley’s Net Worth Before Her Passing?, Distractify; “Lisa Marie Presley Got a Shocking Net Worth— More About Her Here!, Country Thang Daily, January 12, 2023 and TMZ Staff “Lisa Marie Presley MY EX WON’T LET ME MOVE ON… Make Me Single, Judge!!!” TMZ, March 5, 2021.

Special thanks to David S. Luber (Florida Probate Attorney) for bringing these articles to my attention.


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