Priscilla Presley is challenging her late daughter’s will. Now more details have come out regarding Lisa Marie Presley’s final will. Reports say that the late singer was in major debt when she passed suddenly from cardiac arrest on January 12th.
Sources say Lisa Marie built up $4 million in debt and had taken out numerous life insurance policies to pay it off. Two policies were confirmed at $25 million and $10 million each, with another rumored to also be $10 million. It’s being said that Lisa Marie was attempting to take a cash withdrawal of $2 million from one of the policies, which was the exact amount she owed to the IRS.
Insiders also say that whatever is left of Lisa Marie’s estate will be divided not just among her daughter Riley Keough as reported earlier. The actor will also share with her younger twin/half-sisters Finley and Harper Lockwood.
Source: Page Six