Riley Keough was spotted with her husband Ben Smith-Petersen in LA… after refusing to pay back late mother Lisa-Marie Presley's $1.6 million bank loan
Riley Keough first came to attention in Los Angeles after she made headlines for deciding not to pay back her late mother Lisa-Marie Presley's $1.6 million loan.
The 34-year-old actress and granddaughter of Elvis Presley was spotted running errands with her husband Ben Smith-Petersen, whom she tied the knot with in 2015.
Keough was spotted in a gray hoodie with a black bag slung over her left shoulder.
She completed her look with light blue jeans with cropped ankles and a pair of brown Ugg boots.
Her husband – who she tied the knot with in 2015 – opted for a white t-shirt, black sunglasses, black trousers and black shoes as she carried a drink and a bag.
Riley Keough was first spotted in Los Angeles after making headlines for deciding not to pay off her late mother Lisa-Marie Presley's $1.6 million loan
Keough's mother – the late Lisa-Marie Presley, Elvis Presley's only child – bought Coes Hall, an estate in Rotherfield, UK in 2010.
She bought the property with a loan from Barclay's Bank – and now the financial institution claims Presley had an outstanding balance of $1.6 million with them for the estate, according to a legal filing filed by Keough. TMZ reports.
Barclay claims that Presley personally guaranteed the payment at the time she received the loan, and they are now looking to her to fulfill the personal guarantee.
Keough, who was appointed sole administrator of her mother's estate after her death last year, has now asked a judge to declare the trust not responsible for the payment in a new legal application she has filed.
In the filing, she claims there are several reasons why the trust is not obligated to pay the loan, perhaps the most important of which is that the statute of limitations has expired.
The bank had until January 12, 2024 – the one-year anniversary of Presley's death – to file a claim, which they reportedly failed to do.
Keough also claims that her late mother only promised interest payments on the loan from 2010 to 2015. Therefore, the trust is not responsible for the outstanding principal, according to the filing.
The judge has yet to make a decision on the case.
Keough's mother – the late Lisa-Marie Presley, Elvis Presley's only child – purchased Coes Hall, an estate in Rotherfield, United Kingdom, in 2010.
Presley bought the 11-bedroom mansion in 2010 with her then-husband Michael Lockwood before eventually selling it in 2021 for £3.35 million.
Presley, the daughter of rock legend Elvis Presley and Priscilla Presley, died in January 2023 after suffering cardiac arrest at her home in Calabasas, California.
It was later discovered that she died of a “small bowel obstruction” caused by bariatric surgery that she had undergone, according to the autopsy.
In August, Riley was named sole administrator of her mother's estate and owner of Graceland after a legal battle with her grandmother Priscilla Presley. A judge approved the settlement in November.
The approval confirmed that Priscilla would receive a $1 million lump sum, funded by Lisa Marie's life insurance policy, as part of the settlement, according to documents obtained by People.
Additionally, her son Navarone Garibaldi will also be a beneficiary of Lisa Marie's trust. Perhaps most importantly, Priscilla will be buried next to her ex Elvis in Graceland when she dies.