Lisa Marie Presley's financial situation has been disclosed!

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Lisa Marie Presley owed more than $1 million in taxes when she died,

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and she had squandered an estimated $100 million fortune via a series of disastrous business blunders.

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Elvis Presley's only child, who died Thursday after being hospitalized for cardiac arrest in her California home that morning,

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was forced to reveal the dire state of her finances in November during a bitter custody dispute with ex-husband Michael Lockwood.

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According to court documents obtained by the Blast, the 54-year-old disclosed $95,266 in cash

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and $714,775 in stocks, bonds, and other assets.

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However, in the same documents, she stated that she owed the IRS $1 million, placing her in the red.

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Meanwhile, Presley reported $104,000 in monthly earnings from Elvis Presley Enterprises, of which she owned 15%.

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She also alleged that she was paid $4,361 per month as "an employee" of Graceland,

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the Memphis house where she grew up with her father, Elvis, and mother, Priscilla.

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However, the court documents revealed that Lisa Marie's monthly spending was enormous and 

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that she was unable to save nearly any of her money.

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