Presley Elvis: Divorce Modification Draft
DS, signed “Elvis Aaron Presley,” ten pages, 8.5 x 13, October 4, 1973. Modification of property settlement and marital termination between Elvis and Priscilla Presley detailing arrangements for property settlement, spousal and child support, and child custody. In part: “Elvis shall pay to Priscilla in consideration of property division or settlement…the sum of $725,000 within ten (10) days following the approval of this agreement…the further sum of $725,000 in settlement and discharge of Priscilla’s claims to property payable $6,000, or more, per month…Priscilla is entitled to receive one-half of the net proceeds received by Elvis of and from his intended sale of the residence known and described as 144 Monovale Drive, Los Angeles, California, and the furnishings located therein…Elvis shall transfer, or cause to be issued to Priscilla 5% of the total outstanding stock issued or to be issued for Elvis Presley Music, Inc, and White Haven Music Inc…Elvis shall pay to Priscilla as spousal support, the sum of $4200.00 per month…until the death of either party, the remarriage of Priscilla, or twelve (12) months, whichever event shall first occur. In no event shall Elvis have an obligation to pay spousal support beyond one year…
Elvis and Priscilla desire to achieve a harmonious policy calculated to promote at all times the best interests and welfare of their daughter Lisa Marie Presley…Priscilla and Elvis shall confer with each other and cooperate insofar as possible or reasonable on all matters pertaining to health, welfare, education, religious training and/or upbringing of Lisa…Elvis shall at all times have the right of reasonable visitation and the right to physical custody of Lisa for reasonable times…Elvis shall pay to Priscilla for the support, care, education, schooling and maintenance of Lisa…the sum of $4000.00 per month…continuing until Lisa has reached her majority, marries, becomes emancipated, or until further order of Court.” Signed on the last page, “Elvis Aaron Presley” [his middle name was actually spelled ‘Aron,’ but he apparently signed in a manner to match the printed legal document] and “Priscilla Ann Presley,” as well as by their two attorneys. In fine condition, with punch holes to top edges and staple holes and creases to top left.