Riley Keough is in a legal battle to fend off a debt collector seeking a substantial sum of money for a property previously owned by her late mother, Lisa Marie Presley. Keough, who now oversees the trust left behind after her mother’s passing, has filed legal documents to contest the claim.
Key Takeaway
Riley Keough is contesting a debt claim related to a UK property owned by her late mother, Lisa Marie Presley, arguing that the trust should not be held accountable for the outstanding debt.
Dispute Over Coes Hall Estate
The dispute revolves around Coes Hall, an 11-bedroom estate in Rotherfield, which was acquired by Lisa Marie Presley in 2010 with a loan from Barclays Bank. The bank asserts that Lisa Marie owed approximately $1.6 million on the property and contends that she personally guaranteed the loan. Following her demise, Barclays is seeking to hold the trust accountable for the outstanding debt.
Legal Arguments
In response, Riley Keough has presented her case, citing specific reasons why she believes the trust should not be liable for the debt. She argues that the statute of limitations for the claim has expired, pointing out that Barclays failed to file legal papers by the deadline of January 12, 2024, which marked the one-year anniversary of Lisa Marie’s passing. Additionally, Keough maintains that Lisa Marie’s guarantee was limited to interest payments on the loan between 2010 and 2015, absolving the trust from responsibility for the outstanding principal.
The matter now awaits a ruling from the court.
