Last week it was reported that Lisa Marie Presley, the daughter of Elvis Presley, is bringing a claim against her former manager for 'reckless and negligent mismanagement' of the fund she inherited from her father's estate.
Ms Presley claims that the balance of the trust fund, managed by her former manager Mr Barry Siegel for her benefit, is now less than £10,000. Ms Presley inherited her father’s estate, worth approximately $100 million (£71.5 million) at the age of 25.
Tom Deely appears in Spear's Magazine highlighting that "it is important to choose trustees carefully to ensure the trust will be managed properly, and the risk of future disputes minimised".
Presley case exposes trusts hazards is available to read on the Spear's Magazine website.
Tom is an an associate in the trust and estate disputes team. Tom acts for both claimants and defendants on a range of matters including:
- claims pursuant to the Inheritance (Provision for Family and Dependants) Act 1975
- will disputes
- administration disputes
- the removal of executors or trustees
- property trust disputes