Kids aren't cheap!
Lisa Marie Presley has been ordered to pony up $4,600 a month in child support payments to ex-hubby Michael Lockwood as part of their nasty divorce settlement.
In court docs obtained by Radar, the estranged exes attended a secret meeting in Los Angeles Superior Court back on October 27. The judge's ruling was kept sealed until recently.
The daughter of rock legend Elvis Presley and Lockwood split in 2016 after 10 years of marriage. The former flames share two kids together, 13-year-old twin daughters Finley Aaron and Harper Vivienne.
Since the duo called it quits, Lockwood has been petitioning the court for Lisa Marie to cough up monthly child support payments. Lockwood is a struggling musician who claimed to be without any major source of income. He also alleged he was living with his fiancé and mother while paying off old debts with his mom's retirement funds.
In October, the 60-year-old guitarist addressed the court and demanded child support for the twins. He refuted his ex-wife's claims of being in debt, saying she was still raking in over $238,000 from her late dad's estate.
"Presley has significant income for purposes of a child support calculation, due to continuing and recurring distributions Presley receives from her trust(s) and from the significant assets including her family business," his attorney argued in court. "Presley's father was Elvis Presley, a world-famous entertainer and one of the most successful people in show business history. Presley is Elvis' sole heir and as such is an owner of Graceland and interests in Elvis' recordings, songs, merchandise rights, and life story rights."
The judge heard arguments from both parties and eventually sided with Lockwood. The judge ordered the 53-year-old "Lights Out" songstress to shell out $4,641 a month to her ex in child support with the payments made in installments on the 1st and the 15th.
"Said payments shall continue until such child reaches the age of 18, or 19 if the child is a full-time high school student residing with a parent, marries, dies, becomes emancipated, or on further order of the Court," the filing reads. A follow-up court hearing is scheduled for March.