Judge in Tennessee blocks effort to put Elvis Presley's former home Graceland up for sale
- [Narrator] The long lasting legacy of the King of Rock and Roll cements him as one of the most influential artists in history, a cultural icon of the 20th century. But his family legacy is a bit more complex with a winding family tree and a whole host of estate arguments. And is that Michael Jackson? Let's get into it. It all started when Gladys Presley married to Vernon Presley, gave birth to identical twins in a two room shotgun house in Tupelo, Mississippi. The first Jesse Gerrin Presley was stillborn. The second, born 35 minutes later was Elvis himself, rising to fame and becoming an international sensation. Elvis's draft notice put an abrupt pause in his career. - [Reporter] America sent its most famous son into the prey. Elvis Presley was drafted - [Narrator] In Germany he met Priscilla Wagner. Priscilla's parents were US Navy Pilot James Frederick Wagner, and Anne Lillian Wagner. Her father was killed in a plane crash, and Anne Lillian remarried US Air Force Officer Paul Beaulieu. They had five children, half siblings to Priscilla, Priscilla and Elvis were married for six years, from 1967 to 1973. In that time, they had one child, Lisa Marie Presley. Lisa Marie Presley was the sole heir of Elvis who inherited Graceland and was a successful musician with a series of marriages. The first was musician, Danny Keough, who she was married to for six years. They had two children, Riley Keough, actress and model, best known as the titular character in Daisy Jones and the Six, and her brother Benjamin Keough, who died by suicide at just 27. Lisa Marie Presley was also briefly married to the King of Pop, Michael Jackson. It was as awkward as it sounds, and then actor Nicholas Cage for just 100 days. She was married to guitarist Michael Lockwood for 15 years, and they had two daughters, twins, Harper and Finley Lockwood. Meanwhile, with her partner of 20 years, Priscilla and Marco Garibaldi, a film producer, had a son, Navarone Garibaldi, Lisa Marie's half sibling. Messy estate Drama ensued between Riley Keough and Priscilla when Lisa Marie tragically passed away in 2023. Ultimately, the legal battle has ended with Riley as sole trustee of the Elvis estate and owner of Graceland itself. The family legacy of the king has finally peacefully settled. (upbeat music)
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Judge in Tennessee blocks effort to put Elvis Presley's former home Graceland up for sale
A Tennessee judge on Wednesday blocked the auction of Graceland, the former home of Elvis Presley, by a company that claimed his estate failed to repay a loan that used the property as collateral.Shelby County Chancellor JoeDae Jenkins issued a temporary injunction against the proposed auction that had been scheduled for Thursday this week. Jenkins' injunction essentially keeps in place a previous restraining order that he had issued after Presley’s granddaughter Riley Keough filed a lawsuit to fight off what she said was a fraudulent scheme.A public notice for a foreclosure sale of the 13-acre estate in Memphis posted earlier in May said Promenade Trust, which controls the Graceland museum, owes $3.8 million after failing to repay a 2018 loan. Keough, an actor, inherited the trust and ownership of the home after the death of her mother, Lisa Marie Presley, last year.Naussany Investments and Private Lending said Lisa Marie Presley had used Graceland as collateral for the loan, according to the foreclosure sale notice. Keough, on behalf of the Promenade Trust, alleged in her lawsuit that Naussany presented fraudulent documents regarding the loan in September 2023.Neither Keough nor lawyers for Nassauny Investments were in court Wednesday.“Lisa Maria Presley never borrowed money from Naussany Investments and never gave a deed of trust to Naussany Investments,” Keough’s lawyer wrote in a lawsuit.Kimberly Philbrick, the notary whose name is listed on Nassauny's documents, indicated that she never met Lisa Marie Presley nor notarized any documents for her, the court filing said.Graceland opened as a museum and tourist attraction in 1982 as a tribute to Elvis Presley, the singer and actor who died in August 1977 at age 42. It draws hundreds of thousands of visitors each year. A large Presley-themed entertainment complex across the street from the museum is owned by Elvis Presley Enterprises.
MEMPHIS, Tenn. —
A Tennessee judge on Wednesday blocked the auction of Graceland, the former home of Elvis Presley, by a company that claimed his estate failed to repay a loan that used the property as collateral.
Shelby County Chancellor JoeDae Jenkins issued a temporary injunction against the proposed auction that had been scheduled for Thursday this week. Jenkins' injunction essentially keeps in place a previous restraining order that he had issued after Presley’s granddaughter Riley Keough filed a lawsuit to fight off what she said was a fraudulent scheme.
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A public notice for a foreclosure sale of the 13-acre estate in Memphis posted earlier in May said Promenade Trust, which controls the Graceland museum, owes $3.8 million after failing to repay a 2018 loan. Keough, an actor, inherited the trust and ownership of the home after the death of her mother, Lisa Marie Presley, last year.
Naussany Investments and Private Lending said Lisa Marie Presley had used Graceland as collateral for the loan, according to the foreclosure sale notice. Keough, on behalf of the Promenade Trust, alleged in her lawsuit that Naussany presented fraudulent documents regarding the loan in September 2023.
Neither Keough nor lawyers for Nassauny Investments were in court Wednesday.
“Lisa Maria Presley never borrowed money from Naussany Investments and never gave a deed of trust to Naussany Investments,” Keough’s lawyer wrote in a lawsuit.
Kimberly Philbrick, the notary whose name is listed on Nassauny's documents, indicated that she never met Lisa Marie Presley nor notarized any documents for her, the court filing said.
Graceland opened as a museum and tourist attraction in 1982 as a tribute to Elvis Presley, the singer and actor who died in August 1977 at age 42. It draws hundreds of thousands of visitors each year. A large Presley-themed entertainment complex across the street from the museum is owned by Elvis Presley Enterprises.
Elvis’ granddaughter fights Graceland foreclosure sale and alleges fraud
