Lisa Marie Presley Wins Court Battle Against Ex-Husband

Some prenups are ironclad and some aren't.

It turns out that a court has decided Lisa Marie Presley's prenup is ironclad and her ex-husband will be getting nothing out of her.

Hollywood News Daily reported:

Lisa Marie Presley has been battling her estranged ex-fourth husband Michael Lockwood in court for the past two years and finally, her determination has paid off. 

Lisa Marie Presley will NOT be paying Michael Lockwood the crazy amount of spousal support that he has been fighting her for, in fact, he is receiving exactly zero dollars! According to TMZ, Lisa Marie Presley and Michael Lockwood’s 2007 prenup is ironclad and Michael Lockwood knowingly signed away his right to spousal support. 

As previously reported, Lisa Marie testified in court last week that she felt she had no obligation to Lockwood because, one, he signed the prenup stating that he, or, Lisa Marie would get spousal support if the marriage ended…And Two, Lisa Marie claims Michael literally stole millions of dollars from her by making purchases on her credit cards without her knowledge.

To read more, go here. 

Lisa Marie Presley's Ex Fires Back

Above, the back of Graceland mansion. Photo by Armand Vaquer.

The nasty divorce between Lisa Marie Presley and Michael Lockwood is getting nastier by the day.

Lockwood is disputing Presley's claims that she's $16.8 million in debt.

According to RadarOnline:

Presley's ex is suing her for spousal support & attorney’s fees in nasty divorce. 

Lisa Marie Presley’s ex said there is “very good reason” not to trust Elvis’ famous daughter when she said she is flat broke, according to court documents obtained by RadarOnline.com. 

Michael Lockwood’s attorney, Jeff Sturman, said Presley keeps changing her story about just how much she is in the hole, claiming on a February 2017 filing that she is $7.8 million in debt, but then doubling that amount when she filed documents eight months later that listed her assets and debts. 

The exes, who were married for 10 years, have been locked in a legal battle not only concerning their divorce, but also their post-nuptial agreement. Lockwood is also seeking spousal support, but in February 2017, the court ordered a separate trial regarding the validity of the post-nuptial agreement. A judge ruled that until the validity of the post-nuptial agreement was determined, Lockwood would not receive any spousal support.

I have to wonder about guys who seek spousal support, especially ones who signed pre-nuptial or post-nuptial agreements with their wealthy wives. That rubs me the wrong way.

According to the article, Presley gets about $100,000 a month from the trust that holds Elvis Presley Enterprises, who operates the Graceland attraction in Memphis.

To read more, go here.

Baby Boomer Divorce Leading To Financial Woes

Above, the Little Church of the West in Las Vegas, the oldest building on the Las Vegas Strip. Wikipedia photo.

After looking at an article that MarketWatch posted about the steep rise in baby boomer divorces, I guess I am lucky (all things considered).

My ex-wife and I split up 24 years ago and finally finalized our divorce three years ago. It is my understanding that she has remarried (she didn't exactly invite me to the wedding), so she's someone else's problem.

It is interesting to read about late-in-life or "gray" divorces.

According to MarketWatch:

Looking ahead to the next phase of life can seem pretty dreadful if you can’t stand the person who you’ll be spending it with. 

That may be what some boomers are facing. Among U.S. adults ages 50 and older, the divorce rate has roughly doubled since the 1990s, according to a recent Pew Research Center report. 

Statistically speaking we’re healthier and probably going to be living a lot longer — possibly 30 years longer — than average retirees once did. The surge in late-in-life — or “gray” — divorce is one possibly unintended consequence of this so-called longevity bonus.

Since I am financially secure and am in good health (knock on wood), I feel rather fortunate. It is funny to remember years ago that while at a friend's house we heard a wedding caravan of cars pass by. To that, he said, "Why buy a cow when milk is so cheap?" Based on the statistics, maybe there's some truth to that.

To read more, go here.