InfoSearched
Published -
- October 14, 2021
- 6:44 pm
Elvis Presley lived a wildlife in pretty much any way you can imagine. And while the King certainly made boatloads of money during his performing career, he spent very nearly as much as he earned.
Elvis’ fans are no longer ignorant about their favorite star’s unconventional habits, and many wonder if Elvis left any money in his will to his daughter, Lisa Marie Presley. The answer to that question is a bit complicated, and requires an understanding both of Elvis’ financial situation at the time of his death, as well as the financial obligations inherent in the operation of his estate. We’ll fill in the gaps. Did Elvis Presley leave Lisa Marie Presley anything in his will?
When was Lisa Marie Presley entitled to inherit her father’s portion of the estate?
Elvis Presley, often referred to as the “King of Rock and Roll,” was a legendary musician and cultural icon who thrilled audiences throughout his career. With a career spanning over two decades, he amassed a fortune through his music, concert tours, merchandise sales, and acting ventures. However, the question arises whether Elvis Presley left anything behind for his daughter, Lisa Marie Presley, in his will?
Elvis Presley died on August 16, 1977, at the age of 42, leaving behind a legacy that greatly impacted the world of music and American culture. It is a well-known fact that Elvis was extremely close to his daughter, Lisa Marie. In fact, many stories have been shared on how he showered his daughter with love and affection throughout her childhood.
Upon his death, the question of whether he had left a will arose, and it was later revealed that he had indeed created one, but it was not a straightforward one. His estate, estimated to be worth around $10 million at the time of his death, was to be divided among his heirs. Lisa Marie Presley was his only surviving child at the time of his death, making her one of the primary heirs of his estate.
However, as per legal documents, Elvis Presley’s father, Vernon Presley, was named as the executor of his son’s estate. According to Elvis’s will, Lisa Marie Presley was to inherit her father’s portion of the estate when she turned 25 years old, which she did in 1993. Until then, Vernon Presley was in charge of the estate, making sure that it was properly managed and that the beneficiaries, including Lisa Marie, received their rightful share of the income generated from it.
Despite inheriting a considerable fortune, Lisa Marie Presley’s life has had its ups and downs. Over the years, she has had to deal with personal struggles, including drug addiction and financial difficulties. However, she has also worked hard to establish herself as a musician, releasing several albums, and has appeared on various television shows.
In conclusion, Elvis Presley left a considerable fortune behind for his daughter, Lisa Marie Presley, in his will. Despite inheriting the bulk of her father’s estate after she turned 25, Lisa Marie had to wait and manage the earnings generated by the estate under the supervision of her grandfather. While she has faced her fair share of struggles, she continues to be a prominent figure in the music industry and remains an eternal reminder of her father’s legendary status.
