Lisa Marie Presley to persuade Jackson to settle the allegations out of court and go into rehabilitation to recover. He subsequently did both. In January 1996, citing irreconcilable differences, Lisa Marie filed for divorce, according to legal papers. Michael Jackson had originally planned to file for divorce first. However, after Presley begged him not to file, Jackson caved in only to discover on the front page the next day that Presley had filed for divorce. In an October 2010 interview with talk-show host Oprah Winfrey, Presley revealed that she and Jackson had spent four years on and off following their divorce together in
Elvis Presley Enterprises Elvis' grandmother Minnie Mae Presley, and his nine-year-old daughter Lisa Marie Presley. After Vernon's death in 1979, Elvis' ex-wife Priscilla Presley, as Lisa Marie's legal guardian, began co-managing the trust along with the National Bank of Commerce in Memphis, which was the bank Elvis and Vernon had done business with, and Joseph Hanks, who had been Elvis and Vernon's accountant for a number of years, and formed EPE in 1979. With Minnie Mae's passing in 1980, Lisa Marie became the only surviving beneficiary named in Elvis's will. Following Elvis' death, his manager "Colonel Tom" Parker had set up a licensing