A judge ruled that the post-nup agreement that the two signed in 2007 is valid and enforceable.
Lisa Marie Presley got some good news.
On Monday, it was ruled that Presley would not have to pay spousal support to her estranged husband, Michael Lockwood. The judge determined that the post-nup agreement they signed in 2007 is valid and enforceable after Lockwood testified that he did sign the document freely and voluntarily, but did not read it.
This decision comes over a year after it was ruled that Presley pay Lockwood's attorney fees and other costs related to the court case. In February 2017, Presley was ordered to give her ex $50,000 in increments of $10,000 monthly for reasonable fees and court costs until a trial date was set in order to determine the validity of the post-nup.
At the time, Lockwood's lawyer argued that the 50-year-old singer had declined to acknowledge all of her income. "There is a big pool of assets that have not been discussed. Respondent has no assets and petitioner has hidden assets that has given her this income," Lockwood's lawyer, Jeff Sturman, said.
Sturman further alleged that Presley makes about $5.5 million a year, and questioned the amount of debt she was claiming to have.
Elvis Presley's daughter filed for divorce from Lockwood, 57, in June 2016 after 10 years of marriage. They are parents to 9-year-old twin girls Harper and Finley.
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