Priscilla Presley Recalls Late Daughter Selling Off Her Inheritance

This one move from Lisa Marie Presley changed the trajectory of Elvis Presley's legacy forever, according to Priscilla Presley's memoir.

The Presley family matriarch is looking back on one extreme measure her late daughter took to solve her financial crisis, a decision she wishes had not happened.

Lisa Marie Presley lived a life filled with adventure, according to the gems and account of events in Priscilla Presley's newly released memoir "Softly, as I Leave You: Life After Elvis."

The 80-year-old explained how a significant percentage of Graceland slipped out of the Presley dynasty after her late daughter decided to offset their financial crisis by selling a large chunk of her inheritance.

Priscilla shared that Lisa earned her inheritance in 1993, 12 years before she turned around and sold 85% to get out of being broke.

While the 80-year-old was not ignorant of her daughter's financial dilemma and may have sensed she was not getting solid financial advice on how to solve it, she never anticipated such an audacious move.

According to PEOPLE, Priscilla added that the sale left her with a broken heart, not only because it blocked a lucrative source of income for the family, butit also meant her hands were off Elvis's legacy. 

The family matriarch continued that she considered Graceland her emotional home, as she spent considerable time creating a legacy from it and transforming it into an edifice that Elvis would have adored.

Priscilla explained in the memoir that after her estranged husband died and left Graceland in her and Lisa's care, she created an annex on the estate to showcase Elvis's personal effects and his records. 

The property reportedly attracts over 500,000 guests annually. The author raved about the musician's records, which were works of art that fans would always stop to marvel at when they set eyes on them. 

Elvis's musical career was nothing short of impeccable, as he amassed 117 gold records, 67 platinum records, and 27 multi-platinum album awards by the RIAA.

The mother of two added that five years after Elvis' passing, she had to open Graceland to the public, as it was on the brink of bankruptcy, and she might need to sell it. Since her death, Lisa's remaining part of Graceland has been passed down to her three daughters.

Last year, The Blast shared that the Presley family received a notice in May that Graceland was to be auctioned off to the highest bidder at the Shelby County Courthouse. The notice stated that Lisa had borrowed $3.8 million from a Missouri private lending company in 2018, using Graceland as collateral.

The company, Naussany Investments and Private Lending, stated that the late singer had failed to repay the loan before her sudden death in January 2023. These claims have prompted Riley Keough, her daughter, to clarify that her mother never borrowed any money from the company.

In a 60-page lawsuit filed in response to the company's claims, Riley stated that her mother's signatures on the documents were forged, and the company itself has a very questionable image.

Riley also obtained a temporary restraining order ensuring the sale remained suspended, as notaries who worked on the deep reportedly denied any contact with the late Lisa.

Priscilla really held nothing back in this memoir, as she took a deep dive into her daughter's multiple trials at love, which included a failed marriage to Nicolas. She described the former lovebirds as warring partners who shared similar temperaments and would often get into arguments over practically everything.

Priscilla recalled Nicolas tossing their $65,000 engagement ring into the ocean while they were out on vacation in Catalina. Despite witnessing their rendezvous of fights and bickering, Priscilla had very lovely words to describe her former son-in-law.

She revealed that they were a passionate couple, and the actor's capacity for love superseded whatever issues they had, which is why they found it easy to reunite after a breakup. Unfortunately, their intense emotions, which led them to the altar, also caused them to split three months into their marriage.

"It's sad, and I miss her every day. And sometimes I wish we couldn't have rushed the marriage and sometimes I regret rushing the divorce, but it just seemed like it wasn't going to change," Nicolas famously shared about the failed marriage.

The author disclosed that losing her daughter was a very painful event similar to when she lost her husband, Elvis. Priscilla shared that she reported to the hospital right after Lisa's ex informed them that she had been rushed in after she was found unconscious in her home.

Lisa reportedly passed on from bowel obstructions, a form of complication that arose after her successful bariatric surgery. Priscilla stated that it was nearly impossible for her to come to terms with her daughter's death, especially after she had to take off her life support.

The mother-of-two revealed that her daughter had little brain activity going on by the time she arrived at the hospital, and the light she always saw in her eyes was gone. 

"For hours we were there waiting, hoping and praying until the doctor came in and said, 'Priscilla, I'm so sorry, she's gone.' It was hard on all of us; it still is," Priscilla explained.

Priscilla Presley certainly has many fond memories of her late daughter.