Presley purchased Coes Hall, an estate in Rotherfield, UK, over a decade ago and the financial institution is allegedly seeking to recoup an outstanding balance of $1.6M, according to a legal filing made by Keough, TMZ reports.
According to the legal documents, Presley personally guaranteed repayment when securing the loan for the 11-bedroom estate.
Presley’s eldest child, who was named the sole trustee of mother Lisa Marie Presley’s estate and the new owner of Graceland in August 2023 following a contentious battle with her grandmother, Priscilla Presley, 78, is maintaining that she should not be responsible for her mother’s debt.
In the filed documents, Keough, 34, presents two distinct reasons why she should not be held responsible for the debt.
Firstly, Keough argues that Barclays is out of bounds in attempting to extract payment from the trust, citing the expiration of a crucial statute of limitations.
The “Magic Mike” actress claims that Barclays missed a clearly established deadline to file any claim which was January 12, 2024—the one-year anniversary of Lisa’s passing.
Keough contends that this deadline has come and gone without Barclays taking any substantial legal action.