- Presley purchased Coes Hall, an estate in Rotherfield, UK back in 2010 using a loan from Barclay’s Bank
- Now the financial institution is allegedly claiming Presley had an outstanding balance of $1.6 million with them for the estate, according to a legal filing
- Keough, who was named sole trustee of her mother’s estate following her death last year, has now asked a judge to declare that the trust is not responsible for the payment in a new legal filing submitted 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 seeking payment on a loan taken out by her late mother, Lisa Marie Presley, back in 2010.
Presley purchased Coes Hall, an estate in Rotherfield, UK back in 2010 using a loan from Barclay’s Bank – and now the financial institution is allegedly claiming Presley had an outstanding balance of $1.6 million with them for the estate, according to a legal filing made by Keough, TMZ reports.
Barclay’s allegedly claims Presley personally guaranteed payment at the time she received the loan, and they are now looking at her trust to fulfill the personal guarantee.
Keough, who was named sole trustee of her mother’s estate following her death last year, has now asked a judge to declare that the trust is not responsible for the payment in a new legal filing submitted 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 seeking 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 since run out. The bank had until January 12, 2024 – the one year anniversary of Presley’s death – to file any sort of claim – which they allegedly failed to do.
Keough also alleges 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 matter.
Presley purchased the 11-bedroom manor with her then-husband Michael Lockwood in 2010 before she finally sold it off in 2021 for £3.35 million.
Presley, the daughter of rock legend Elvis Presley and Priscilla Presley, died back in January 2023 after suffering cardiac arrest at her Calabasas, California home.
It was later found that she died from a ‘small bowel obstruction’ caused by a bariatric surgery that she had undergone according to the autopsy.
In August, Riley was named the sole trustee of her mother’s estate and owner of Graceland following 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 in 2022, daughter Tupelo Storm Smith-Petersen.
Keough and Lisa Marie in 2017
Priscilla Presley with her daughter Lisa Marie and granddaughter Riley in 2015
Keough, who is 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 has also acted in Riverdale and Mad Max: Fury Road, the set of the latter being where she met Ben.
In October, Riley was named as the face of Chanel for spring 2024.
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