Lisa’s friend Marie Presley says she wanted to leave the trust to the kids as Priscilla tries to overrule

Lisa Marie Presley reportedly wanted her children to have access to her trust and wanted her eldest daughter, Riley Keough, to manage it, a close friend claims.

“Lisa’s intention was very clear,” said the friend while talking to People Monday. ‘Lisa didn’t really feel that [mother] Priscilla Presley was doing anything in her best interest.

The latest claim comes as Lisa’s mother, Priscilla, 77, contests a revision to her 2016 will that removed her and Lisa’s former business manager, Barry Siegel, as trustees of her trust and replaced them with Riley, 33 years old.

The family controversy follows Presley’s tragic death on January 12 at age 54, after she went into cardiac arrest at home and had to be rushed to a hospital after CPR was performed.

DailyMail.com has contacted representatives for Riley Keough and Priscilla Presley.

According to Priscilla’s petition, obtained by People, Lisa had a living will dating back to 1993, which was amended in 2010 to make Priscilla and Siegel co-trustees.

But after Lisa’s death, her mother learned of an initial 2016 amendment that removed her, Siegel, and the trustees and replaced them with Riley and her brother Benjamin Keough, who committed suicide in 2020.

Lisa’s wishes for the trustees do not seem to have been updated after her son’s death.

In Priscilla’s petition, she claims there are “many issues surrounding the authenticity and validity” of the 2016 probate amendment.

Fighting back: Priscilla is contesting a 2016 will amendment that removed her as trustee. She says that the signature is invalid and claims that she was not served, as required by the trust. She also says that the amendment was not witnessed or notarized; Priscilla and Lisa seen in 2008

According to her, she should have been informed that she was to be removed as co-trustee,’as required by the express terms of the Trust’, but she says she was never informed.

Elvis Presley’s ex-wife also claims her daughter’s signature on the 2016 amendment was “inconsistent” with previous signatures, saying there was also no witness on the list and no notary present.

She says the 2010 amendment listing her as a co-trustee remains “the authoritative and controlling document.”

Although the friend does not seem to guarantee the authenticity of the 2016 amendment, he claims that it was in line with Lisa’s wishes at the time, as she allegedly had a big fight with her mother.

They say that as of 2016, she was “not in a relationship” with her mother, though the two appear to have patched things up to some degree after appearing at various events and award ceremonies to promote Baz Luhrmann’s Elvis biopic, starring Austin Butler. like the legendary rocker.

Bad blood: Part of Lisa’s falling out with Priscilla stemmed from her mother continuing to have a relationship with ex-husband Michael Lockwood (pictured) against her wishes, the friend claimed; seen in 2013

One sticking point was allegedly Priscilla’s insistence on continuing a relationship with Lisa’s ex-husband, Michael Lockwood, after their 2016 separation. The divorce was finalized in 2021.

Lockwood was apparently not invited to Lisa’s funeral, but Priscilla, who shares an agent with him, managed to get him to participate in the ceremony, her friend says.

In 2017, Lisa accused her ex of having inappropriate images of children on her computer amid their custody battle.

Although police investigated and examined dozens of electronic devices, no criminal charges were filed and the investigation was ultimately dropped.

Lisa’s friend said that amending Lisa’s will was part of her desire to live ‘her life authentically’.

“She wouldn’t keep quiet when she was taken advantage of,” they continued. ‘At the end of the day, these are her wishes, and there is no question what her wishes were. Nobody is going to be able to reinvent the last seven or eight years and say no, no, no’.

Honoring her wishes: “At the end of the day, these are her wishes, and there’s no question what her wishes were,” the friend said. ‘Nobody is going to be able to reinvent the last seven or eight years and say no, no, no’; seen in 2012

It wasn’t just personal issues that led her to want to change the trust, as Lisa’s friend said she “had a major problem” with the way it was run under the supervision of her mother and Siegel.

In 2018, he sued Siegel, alleging that his mismanagement caused his trust to shrink from $100 million to just $14,000. However, he claimed that the loss of funds was due to his extravagant spending.

“There is substantial documentation that Lisa was basically the sole trustee,” her friend claims. ‘Priscilla did not participate in anything, as [Siegel also] he hadn’t for years before… At the end of the day, a trustee is supposed to have limited power; he’s not supposed to do anything bad or stupid. No one can argue that the fact that Riley is the trustee is going to not be for the benefit of the twins.

Going It Alone: ​​The friend claims that Priscilla hadn’t been working as his trustee for years, essentially leaving her in charge of managing the trust herself; Lisa and Priscilla seen in June 2022 in Hollywood