Lisa Marie Presley’s estranged husband testified Monday that he never understood when he signed two versions of a postnuptial agreement she presented him in 2007 that he was giving up any chance of getting spousal support if they divorced.
Michael Lockwood said that although he penned his signature on the documents in July and November 2007, he did not read them before doing so.
Presley’s lawyer insisted Lockwood only wants “money from Ms. Presley, that’s the bottom line.”
But Lockwood’s attorney said the daughter of Elvis Presley wants her husband “in the streets,” and she’s “fine if he has nothing.”
But on the stand, Lockwood said he signed the documents without reading them.
“Had I read this, I wouldn’t have signed it,” Lockwood said while glancing at one of the documents during questioning by Presley’s attorney, Gary Fishbein. “I think it’s unfair.”
Asked by Fishbein if he typically signed contracts without reading them first, Lockwood — a musician, producer and writer — replied, “For what I do for a living, this isn’t something I can wrap my head around. I don’t understand how you understand it.”
“You’re not interested in knowing what’s in an agreement that can affect your marital relationships?,” Fishbein asked.
“Correct,” Lockwood answered.
Presley, 50, listened to Lockwood’s testimony without showing any emotion. She and Lockwood, her fourth husband and the father of her 9-year-old twin daughters, met in 2003 when she hired him as musical director for her band and for her first record and they married in Japan in 2006.
She paid him $3,500 weekly and continued to do so even when he wasn’t performing any tasks for her so he would not work for anyone else, Lockwood said.
Presley, the only child of Elvis and Priscilla Presley, filed for divorce in Los Angeles Superior Court in June 2016.
A non-jury trial of the issues is taking place before Judge Dianna Gould-Saltman.
Asked by Fisbhein if he knew the extent of Presley’s finances, Lockwood replied, “I knew she had some wealth, I didn’t know how much.”
Questioned about the same issue later by his lawyer, Jeff Sturman, Lockwood answered, “I knew she had a house, I knew who her father was, that she could support her career and pay for her band.”
Lockwood said he also didn’t read or understand a prenuptial agreement he signed before the couple’s marriage. When Presley raised the issue of a postnuptial agreement in January 2007 after they had been married for less than a year, she didn’t explain what the document meant, he said.
In his opening statement, Fishbein said Lockwood contradicted himself by saying he didn’t read the postnuptial documents or understand them. The lawyer said the only way Lockwood would know if he didn’t comprehend the agreement was if he tried to read it.
“What he wants is money from Ms. Presley, that’s the bottom line,” Fishbein said.
But Sturman told the judge that Presley is trying to get an unfair advantage over her estranged spouse and leave him financially strapped.
“She wants him in the streets. She’s fine if he has nothing,” Sturman said.