The Legacy of Lisa Marie Presley: A Legal Battle and Unresolved Debt
The late Lisa Marie Presley's legacy is embroiled in a legal battle and unresolved debt, as her daughter, Riley Keough, refuses to pay the outstanding balance on her U.K. home. This article delves into the intricacies of the situation and the ongoing legal disputes surrounding the Presley estate and its finances.
The Legal Dispute
In the aftermath of the late Lisa Marie Presley's passing, a legal dispute has arisen concerning the outstanding debt on her U.K. home. Riley Keough, Presley's daughter and the sole trustee of her estate, is at the center of this contentious issue. Barclays Bank has demanded Keough to pay an approximate $1.6 million balance on the Coes Hall estate in Rotherfield, England, which was purchased by Presley in 2010 with a loan from the bank. The bank claims that Presley personally guaranteed repayment before her death, prompting the demand for payment from her estate.
Keough's Defense
In response to Barclays Bank's demand, Riley Keough has vehemently defended her position, arguing that she should not be held responsible for the outstanding debt. Keough has cited a statute of limitations that requires the bank to make its claim within a specified timeframe, which she contends has lapsed. Additionally, Keough has alleged that Presley only guaranteed loan interest payments between 2010 and 2015, further bolstering her defense against assuming the debt.
The Ongoing Legacy
The unresolved debt on Lisa Marie Presley's U.K. home is just one aspect of the ongoing legal battles surrounding her estate. Following Presley's death, Keough became engaged in a legal dispute with her grandmother, Priscilla Presley, over the contestation of her mother's will. This protracted legal battle, which was ultimately settled in May 2023, underscores the complexities and challenges that have arisen in managing Presley's estate and fulfilling her wishes.
