Lisa Marie Presley was millions of dollars in debt at the end of her life, but the moment she died, her estate was flush with cash -- to the tune of $35 million.
was millions of dollars in debt at the end of her life, but the moment she died, her estate was flush with cash -- to the tune of $35 million.
Family sources tell TMZ ... Lisa had taken out 2 life insurance policies -- one for $25 million, and another for $10 million. Our sources say there may be a third $10 million policy, but it's unclear if it's lapsed. What's even more shocking ... our sources say Lisa was trying to cash in the $25 million policy to pay some of the debts she owed, totaling $4 million. We're told she had notified the insurance company and filled out the paperwork to get a lump sum of just $2 million. We're told there was a screwup in the paperwork so the policy was never cashed in.Our sources say Lisa was $4 million in debt when she died ... of that she owed $2.5 million to the IRS.
When the debts are cleared, there will be around $30 million to distribute. We're told Lisa's 3 kids,
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