According to a new claim, Lisa Marie Presley was millions of dollars in debt at the end of her life.

According to TMZ, the late singer-songwriter cashed out two life insurance policies and planned to take out a third to pay off her $4 million debt.

Presley took out one for $25 million and another for $10 million, according to family sources, with a third perhaps valued at $10 million.

According to TMZ, the only daughter of Elvis and Priscilla Presley filled out papers to earn a lump amount of $2 million, but the policy was never paid in due to a paperwork error.

At least $4 million of the $4 million debt she had accumulated was owed to the IRS. In the course of her turbulent existence, she supposedly squandered through her $100 million inheritance.

The remaining wealth will be split between Riley Keough, the twins Finley and Harper Lockwood, and Lisa Marie’s obligations. Priscilla, who lost her daughter in 2016, is already fighting the terms of her daughter’s will.

Related: Riley Keough Shares An Emotional Photo Of Her Final Encounter With Her Mother Lisa Marie Presley

According to court records received by a source, Priscilla asserts that Lisa Marie’s name was even misspelled on the 2016 form and that her daughter’s signature “appears discordant with her usual and customary signature.”

She further asserted that, contrary to the conditions of the 2010 trust agreement, the document had not been presented to her or notarized during Lisa Marie’s lifetime.

Lisa Marie Graceland art

Following a heart arrest, Lisa Marie passed away earlier this month. 54 years old. At a celebrity-studded memorial service held at her late father’s house, Graceland, she was laid to rest next to her late son, Benjamin.


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