Daughter of Elvis Presley headed for high asset divorce

Many in Florida remember Elvis Presley with fondness. The performer had a very successful career that spanned music and film, and he was among the most popular entertainers in the world before his untimely death. He left behind a wife and daughter, as well as a musical legacy that continues today. His daughter, Lisa Marie Presley, is headed for a high asset divorce from her husband of 10 years.

Lisa Marie has been married three previous times, once to actor Nicolas Cage, then to performer Michael Jackson and then to musician Danny Keough. The grounds for seeking the most recent divorce were listed as “irreconcilable differences,” and she is not asking for spousal support. The couple have twin daughters together, and Presley is not seeking child support. She is, however, asking for full custody of the girls and supervised visitation.

There are also rumors that her current husband, musician Michael Lockwood, mismanaged Presley’s money and took financial advantage of her during the course of their marriage. It is alleged that Lockwood ran up more than $100,000 in charges on the couple’s American Express card. That creditor had to pursue Presley through a lawsuit to gain payment for those charges  

Some details of the high asset divorce may be settled by way of the postnuptial agreement, which was signed by both parties. There is no word on whether Lockwood will try to challenge that agreement. In fact, as of the time of this report, Presley has been unable to locate her husband to serve him with the divorce paperwork. After filing for divorce, Presley’s legal team asked that the status be changed to a legal separation, which demonstrates that the couple is still married, but living separately and moving toward a dissolution of that union. As things progress, it is likely that Florida readers will gain greater insight into the life led by the daughter of one of America’s greatest music legends.

Source: streetwisejournal.com, “Lisa Marie Presley Files for Divorce After Husband Mismanaged Her Money“, Jacob Maslow, July 6, 2016

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