The late daughter of Elvis Presley, Lisa Marie Presley, was in a dire financial situation at the time of her death, new financial information has revealed.
According to reports, Presley had squandered the nearly $100 million fortune left to her by Elvis. She was reportedly spending $92,000 a month on expenses and owed millions to creditors and the IRS at the time of her death.
Financial documents first went public in November during Presley’s child support battle with her ex-husband, Michael Lockwood. According to TheBlast.com, Presley was taking home over $100,000 per month from her father’s estate.
In her financial disclosure, RadarOnline reported —
Lisa Marie said she had $95k in checking accounts. $714k worth of stocks but had a negative $3 million balance when it came to properties.
Her monthly expenses totaled $92k. She spent $23k in rent, $3,500 on health care, $5k on groceries, $3k on eating out and another $2,520 in utilities.
Lisa Marie spent $400 on clothes per month, $10k on education costs, $5k on entertainment, $700 on auto expenses, $21k on debt payments and $15k on various other expenses.
In addition, she revealed her massive debts. She said she owed $280k to the assistant writer who helped her work on her tell-all, $1.17 million owed to Barclay’s Bank UK for a loan, $40k on the Maserati she leased, $700k in back taxes, $568k to the IRS for 2021 taxes, $399,012 to the California Franchise Tax Board for 2017/2018 and another $159k for 2021.
A public memorial service for Presley will be held next weekend at Graceland, the famed Memphis home of her father, Elvis Presley.
The memorial for Lisa Marie Presley will be held on the front lawn of the mansion at 9 a.m. on Jan. 22, according to a representative of her daughter and actor Riley Keough.
Presley, 54, died Thursday, hours after being hospitalized for a medical emergency.
It was previously announced that Presley will be buried at Graceland next to her son, Benjamin Keough, who died in 2020. Elvis and other members of the Presley family are also buried at Graceland.
A singer-songwriter herself, Lisa Marie did not live in Memphis, where she was born. But she made trips to the city for celebrations of her father’s birth anniversary and commemorations of his death, which stunned the world when he was found dead in Graceland at age 42 on Aug. 16, 1977.
Lisa Marie became the sole heir of the Elvis Presley Trust, which — along with Elvis Presley Enterprises — managed Graceland and other assets until she sold her majority interest in 2005. She retained ownership of the mansion itself, the 13 acres around it and items inside the home.
She is survived by her mother, Priscilla Presley, and three children.
The Horn editorial team and the Associated Press contributed to this article