Ruby RobertsLisa Marie Presley and her ex-husband Michael Lockwood continue their long, drawn-out court battle. Lockwood claims that Lisa Marie is not as hard up financially as she claims.
Presley and Lockwood have been in an all-out war for years. The celebrity couple officially divorced in May of 2021, following a five-year battle. Despite being divorced, Lisa and Michael continue to fight over the custody of their twin daughters, Harper and Finley Lockwood.
In 2016, during the former couple’s divorce Lisa Marie claimed to be experiencing financial difficulties, including massive tax debt. At the time, the judge determined that Presley would not have to pay support.
Lockwood, however, went back into the court in 2021, demanding a new support hearing. He alleges that Lisa Marie’s financial circumstances had changed. Per Radar Online, Lockwood claims Lisa is now “rolling in dough.”
Lockwood Claims To Earn Only $2500 Per Month
Michael also brought to the court’s attention the new Elvis Presley biopic. He states she is also profiting. He also informed the court that he recently put an offer on a Malibu mansion.
Presley’s former husband continued telling the courts that he struggles financially. Lockwood alleges to bring in a mere $2500 per month. He also states owing over $800k in legal fees.
The judge awarded a temporary child support order for $4500 per month to be paid to Lockwood. Lisa Marie Presley and Michael Lockwood’s custody case will continue for a permanent support order in June.
Lockwood’s new filing reveals that Lisa Marie admits to controlling her late father Elvis Presley’s $65 million trust. Presley also admits to being the sole beneficiary. Additionally, Michael Lockwood’s attorney acknowledges that Presley’s income decreased during 2019 and 2020 due to the pandemic.
Michael claims he believes Lisa Maria pulls in around $100,000 per month from her father’s trust. He also states Presley has various other lucrative forms of income.
Documents reveal Presley receives annual income from entities such: as Elvis Presley Enterprises, Inc.; Barclays Bank PLC; The Promenade Trust. As well as EPFF Holding LLC; GHG holding LLC; Broadcast Music; Music Reports.
Lockwood Wants Bigger Piece Of Presley Pie
Lockwood’s lawyer claims Lisa Marie received a $1 million advance for her forthcoming memoir. In February of 2021, Presley announced she would finally be penning her memoirs. She says she will reveal all the details about her life. Presley states the biography will include information about her father’s death.
She will also open up about her struggles with addiction. Presley will also detail her high-profile marriages to late pop singer Michael Jackson. As well as actor Nicholas Cage. Lisa Marie Presley will speak out for the first time about her son Benjamin Storms Keough’s death,
Lisa Marie Presley claims the book will reveal all. She claims it will be a difficult journey. While Presley fans are aware, Lisa prefers to lead a generally quiet life. She claims the time feels right to tell her story her way.
