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Sunday, March 19, 2023

Her Annual Income & Child Support At Time Of Death – Hollywood Life

Lisa Marie Presley

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Image Credit: Shutterstock

Lisa Marie Presley had an annual revenue of $1.2 million previous to her loss of life on the age of 54 on Jan. 12, in response to court docket paperwork obtained by HollywoodLife. The quantity was agreed on by her and her ex-husband Michael Lockwood, who can be the daddy of her 14-year-old twin daughters Finley and Harper, the paperwork present. There was additionally a Mandatory Settlement Conference relating to baby assist funds attended by the previous spouses on Oct. 3., they usually set the bottom assist utilizing a $1,204,020 annual revenue for Lisa Marie.

At the time of her passing, Lisa Marie was paying Michael, whom she filed for divorce from in 2016, $4600 a month in baby assist for his or her twins. The paperwork additionally present he was looking for $48,818.31 in baby assist for 112.7 hours and claimed it “was reasonable because he had to conduct Discover, such as, requests for production, interrogatories, review responses, etc.; draft and review pleadings, such as, Reply papers, RFOs, FOAH, etc.” Although their Oct. settlement assembly led to an settlement between each of them, they have been nonetheless in dispute relating to the phrases of the Proposed Judgment when Lisa Marie unexpectedly died of a reported cardiac arrest final week.

Lisa Marie Presley, Michael Lockwood
Lisa Marie and Michael have been married for 4 yr earlier than divorcing in 2021. (Shutterstock)

Last yr, Michael advised the court docket he believed Lisa Marie was making round $238K a month (round $3 million per yr) from her late father, Elvis Presley‘s property and mentioned she acquired one other $1 million for her memoir and a considerable quantity of the Elvis biopic. Both Lisa and her mom, Priscilla Presley, have been in full assist of the movie, which documented the life and profession of Elvis, who was performed by actor Austin Butler, and sometimes attended occasions, akin to premieres, to assist put it on the market.

Lisa Marie and Michael have been married in 2006 and their divorce was finalized in 2021, 5 years after the preliminary submitting. Since she was the proprietor of her dad’s world well-known property referred to as Graceland, which is positioned in Memphis, TN, it’s unclear if her three remaining children, together with oldest daughter Riley Keough, 33, will inherit it or not now that she’s deceased. Lisa Marie’s second-oldest baby, son Benjamin Keough, sadly died by suicide in 2020.

Lisa Marie Presley
Lisa Marie had an annual revenue of $1.2 million on the time of her loss of life, in response to court docket paperwork. (Shutterstock)

On Jan. 15, Michael was noticed for the primary time since Lisa Marie’s loss of life. The guitarist and producer was photographed strolling exterior his Los Angeles, CA residence whereas carrying a pink sleeveless shirt, denims, and a fur cap. Shortly after his ex-wife’s passing, he launched an announcement via his lawyer that exposed he’s the one who’s been caring for Finley and Harper for the reason that tragic information. “Michael had been hoping for a speedy and complete recovery because her children needed her. It is very sad it didn’t turn out that way,” his lawyer Joe Yanny advised ET Online final week. “Michael’s world has been turned on its ear. He is with both of his daughters now.”

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