Its funny Elvis's concept of rich-now a debate.
Well he seemed to have very little inkling of business and of things like-inflation, taxes, insurance etc....
if you had asked him,
"How do you want your estate handled?"
I'm pretty sure he would not have said...... in absolute detail-
"Well I want the estate to be set up with tax shelters in the Bahamas which will be hard to trace, and which will keep most of my assets in Lisa's hands with little worry for taxes. I want insurance to be double indemnity in case I die in an accident so Lisa gets more money. I want a trust which is for her and her alone-which is protected by every law and clause possible to insure she is set for life"
He would have said simply to his lawyers and bankers,
"I want Dad and Grandma to live as they have and Lisa to get it all when they die and I want her to be free from money worries"
.....Then "THEY"(lawyers and bankers) would set it all up legally and financially.
He had no idea of taxes, wills, insurance, inflation, and what "free from money worry" might mean.... with him gone.
They did and they accomplished it.
He may not have wanted to be rich-but he sure lived a life which showed he appreciated how it worked.
Plane trips to his favorite place for peanut butter sandwiches?
Buying any and every motor vehicle that his heart desired.
Diamond rings and furs for his young daughter.
Waterfalls in his jungle room.
Gold TCBs and huge jeweled rings and necklaces.
Giving lavish gifts to strangers/friends/family.
Helping friends/family when they were in hard times, etc...
You can not do such things if you are not rich-and Elvis did these things.
If he wanted to live like this-he would have wanted Lisa to live in similar fashion it would seem. He knew poor-and rich was better.
Work in Progress!
I guess we tend to forget, although Elvis was talented, rich, beautiful, he wasn't a businessman by any stretch of the imagination. He didnt go to college or get a degree, so he couldnt expect to be... Look at how his parents made a living.
We are all bright in lots of different ways. If I tried to be a sex symbol, sing and perform in front of an audience (not that I would even try!), people either wouldnt come and see me ... or those that do would laugh (quite rightly!)
Elvis was brilliant at what he did. He just trusted the wrong people/person to look after the business side of his affairs.
Great post Ken, I believe that Elvis would have wanted Lisa to be spared the humble lifestyle that he had during his upbringing. An important factor to add is that Elvis didn't know he was going to die on August 16th 1977 at the age of 42, I suppose most people plan on living until their 60's or 70's and always plan on getting round to things in the near future...
Absolutely right. I remember reading about a discussion he had with either Vernon or Joe about paying tax, and Elvis was rather dismissive and saying 'just pay however much they ask for and dont worry about it'. As long as he had enough for what he wanted, he just didnt care. Which is fair enough I suppose, it was his money.
It's a far cry from the kind of wealth Elvis had and how he enjoyed it, and the kind Lisa and Priscilla have. Huge wealth can be a cross to bare and isn't always a blessing. Has that sort of wealth served her well?? Has the vehicle by which she got it served Elvis well?? Has it honored his memory well? Money doesn't alway make people happy. Did it make Elvis happy? Was there a downside?? Money can't buy happiness, I think he wanted her to be happy, first and foremost. Does money translate into happiness?
Yet another debate that will no doubt have differing opinions.
Me too 'utmom2008' me too!
If I had millions of dollars that would make me very happy
I think if Elvis was unhappy it had to do with other things not the wealth that he had.
I think the whole fame killed (insert any deceased famous person) or the money killed this individual (insert deceased famous and Wealthy person) has been overblown for Elvis and other celebrities I mean seriously if you had asked Elvis if he would give up all his wealth and fame and go back to being a poor barely getting by truck driver he would've said no way same thing for other famous people.
I do think what actually killed Elvis was he got addicted to prescription drugs and wasn't able to overcome his addictions and as the years went by it got worse that killed him. Now I do think it made it easier for him to obtain the prescribed medication because he was famous but even if he weren't famous there are ways to get that stuff. If Elvis was unhappy it had to do with his career most likely like in the mid 60's he was unhappy over the bad movies he had to make and in the 70's he wanted to tour overseas and do a couple of other things that he wasn't doing.
I don`t think that there is any doubt that Elvis would have wanted only the best for Lisa Marie... and I`m sure that somebody along the way must have pointed out to him that the financial situation was not great.... the thing is, does this mean that Elvis was never expecting to die as soon as he did? Maybe he thought that he had plenty of time left to make more money and didn`t see how things really were?..just a thought.