Riley Keough ‘hits back at bank seeking payment on loan taken out by her late mother Lisa Marie Presley for Rotherford manor’
- Presley purchased Coes Hall, an estate in Rotherfield, UK, in 2010 with a loan from Barclay’s Bank
- Now the financial institution claims Presley had an outstanding balance of $1.6 million with them for the estate, according to a legal filing.
- Keough, who was named sole administrator of her mother’s estate after her death last year, has now asked a judge to declare the trust not responsible for the payment in a new legal filing filed by her.
- In the filing, she claims there are several reasons why the trust is not obligated to pay the loan
Riley Keough is hitting back against a bank that is demanding payment on a loan her late mother, Lisa Marie Presley, took out in 2010.
Presley bought Coes Hall, an estate in Rotherfield, United Kingdom, in 2010 with the help of a loan from Barclay’s Bank – and now the financial institution is allegedly claiming that Presley had an outstanding balance of $1.6 million with them for the estate, according to a legal application filed by Keough, TMZ reports.
Barclay claims that Presley personally guaranteed the payment at the time she received the loan, and they are now looking to her to fulfill the personal guarantee.
Keough, who was appointed sole administrator of her mother’s estate after her death last year, has now asked a judge to declare the trust not responsible for the payment in a new legal application she has filed.
In the filing, she claims there are several reasons why the trust is not obligated to pay the loan.
Riley Keough strikes back against a bank demanding payment on a loan taken out by her late mother, Lisa Marie Presley; Keough pictured with her mother in 2022
One of the reasons is the statue of limitations, which has now been used up. The bank had until January 12, 2024 – the one-year anniversary of Presley’s death – to file a claim, which they reportedly failed to do.
Keough also claims that her late mother only promised interest payments on the loan from 2010 to 2015. Therefore, the trust is not responsible for the outstanding principal, according to the filing.
The judge has yet to make a decision on the case.
Presley bought the 11-bedroom mansion in 2010 with her then-husband Michael Lockwood before eventually selling it in 2021 for £3.35 million.
Presley, the daughter of rock legend Elvis Presley and Priscilla Presley, died in January 2023 after suffering cardiac arrest at her home in Calabasas, California.
It was later discovered that she died of a “small bowel obstruction” caused by bariatric surgery that she had undergone, according to the autopsy.
In August, Riley was named sole administrator of her mother’s estate and owner of Graceland after a legal battle with her grandmother Priscilla Presley.
Keough has been married to stuntman and actor Ben Smith-Petersen since 2015. They welcomed their first child together via surrogate, daughter Tupelo Storm Smith-Petersen, in 2022.
Keough and Lisa Marie in 2017
Priscilla Presley with her daughter Lisa Marie and granddaughter Riley in 2015
Keough, the granddaughter of rock legend Elvis Presley and Priscilla Presley, has been married to stuntman and actor Ben since 2015.
Prior to her relationship with Ben, Riley dated singer Ryan Cabrera and was later engaged to Alex Pettyfer, with whom she starred in Magic Mike.
Riley also starred in Riverdale and Mad Max: Fury Road, on the set of the latter she met Ben.
In October, Riley was named as the face of Chanel for Spring 2024.