Lisa Marie Presley’s ex-husband Michael Lockwood is terrified the household will attempt to shut him out and switch his twin daughters in opposition to him, RadarOnline.com has realized.
In keeping with sources near the scenario, Michael, who had twins Harper and Finley with Lisa Marie, has grown involved after Riley Keough and her grandmother Priscilla Presley settled their bitter household feud final week.
As RadarOnline.com beforehand reported, Riley agreed to pay Priscilla hundreds of thousands to finish her battle over management of Lisa Marie’s belief.
Lisa Marie died closely in debt. She owed $3-$4 million to varied collectors together with a big quantity owed to the IRS. Nonetheless, she took out life insurance coverage insurance policies that paid out $35 million when she died.
The one beneficiaries of the belief are Riley and her youthful sisters, Harper and Finley. Priscilla rushed to courtroom weeks after her daughter’s dying demanding to be named co-trustee of the belief.
Priscilla claimed Lisa Marie had appointed her and her ex-business supervisor Barry Siegel as co-trustees. She famous there was an alleged 2016 modification to the belief, signed by Lisa Marie, that reduce her out and put her oldest daughter in cost.
One other insider believed Riley labored out the take care of Priscilla to make sure Michael was reduce out of the household. Because the twins’ guardian, Michael will nonetheless handle their share of Lisa Marie’s belief.
“Riley is galled Michael has entry to the twins’ money,” mentioned a supply. “Priscilla was the one ally Michael had, however Riley needs her to chop ties with him and should have purchased her off. He has each proper to fret about being ignored within the chilly!”