Riley Keough was spotted out in Los Angeles for the first time after making headlines about deciding not to pay back her late mother Lisa-Marie Presley’s $1.6M loan.
The 34-year-old actress and granddaughter of Elvis Presley was spotted out running some errands with her husband Ben Smith-Petersen, who she tied the knot with in 2015.
Keough was spotted out wearing a grey hoodie with a black purse slung from her left shoulder.
She completed her look with light blue jeans that were cropped up at the ankles and a bair of brown Uggs boots.
Her husband – who she tied the knot with in 2015 – opted for a white t-shirt, black sunglasses, black pants and black shoes while carrying a beverage and a bag.
Riley Keough was spotted out in Los Angeles for the first time after making headlines about deciding not to pay off her late mother Lisa-Marie Presley’s $1.6M loan
Keough’s mother – the late Lisa-Marie Presley, the only child of Elvis Presley – bought Coes Hall, an estate in Rotherfield, UK back in 2010.
She purchased the property with 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, perhaps the most important of which is the statute of limitations has expired.
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.
Keough’s mother – the late Lisa-Marie Presley, the only child of Elvis Presley – bought Coes Hall, an estate in Rotherfield, UK back in 2010
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. A judge approved the settlement in November.
The approval confirmed that Priscilla would be receiving a $1million lump-sum payment, funded by Lisa Marie’s life insurance policy, as part of the settlement, according to documents obtained by People.
In addition, her son Navarone Garibaldi will be a beneficiary of Lisa Marie’s trust as well. Perhaps most importantly of all, Priscilla will be buried near her ex Elvis at Graceland when she passes away.