Following Lisa Marie’s 2023 dying from bowel obstruction linked to years of drug abuse and weight reduction drugs, Priscilla challenged Riley’s standing as sole trustee of the Presley fortune, together with Graceland, and the pair exchanged authorized volleys earlier than Riley finally agreed to offer her grandmother a $1 million payout together with $400,000 in courtroom charges.
However 63-year-old Lockwood, who break up from Lisa Marie in 2016 after a ten-year marriage, claims his authorized eagles had been deeply concerned within the means of securing that settlement — and he desires Riley to select up the authorized tab!
“From the outset, Michael and his counsel performed a central position in serving to hold the events targeted on resolving these points with minimal courtroom intervention,” his petition acknowledged. “Michael was capable of obtain his purpose of making certain the courtroom points had been all resolved successfully and price effectively so Finley and Harper would have the monetary assets their mom supposed.”
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However a supply solely advised RadarOnline.com that Riley, 35, despises her former stepdad and doesn’t intend to cough up a penny for him or his legal professionals!
Following their break up, Lisa Marie and musician Lockwood fought bitterly in courtroom for years over how a lot baby assist she must pay him for the twins, swapping ugly accusations.
They lastly reached an settlement three months earlier than Lisa Marie’s dying, the place she’d pay Lockwood, now wed to a Hollywood hairdresser, $6,200 a month — funds which have continued after her dying at the same time as Riley fought off a problem by an organization in search of to foreclose on Graceland — claiming Lisa Marie defaulted on a $500 million mortgage. The declare was withdrawn amid accusations of tried fraud.
Now, the Daisy Jones & the Six star is cautious of Lockwood, too. “Riley noticed what Michael put her mom by way of with their nasty courtroom battle all these years and believes he was only a moneygrubber,” a pal piped. “Now she appears like he’s simply doing the identical factor to her!”
Nonetheless, sources insist Riley adores her little sisters and takes care of them financially. Collectively, the trio holds a 15 % stake in Elvis Presley Enterprises, price an estimated $500 million.
“Riley is ensuring Harper and Finley by no means go wanting. In reality, she’s making an attempt to develop the property so their stake is price much more,” dished a supply. “She’s set to sq. off with Michael in courtroom over his petition later this summer season, and her purpose is to care for her sisters whereas ensuring Michael reaps no profit in any respect. It’s a household warfare!”