agreement between Parker and Presley that gave RCA sole ownership of all his recording royalties prior to 1973, the estate was relying heavily on the income from Factors Etc. Inc. However, because Parker was still entitled to 50% of all Presley's income, and after taxes were taken off, the overall amount going towards the upkeep of the estate was less than $1 million a year. In January 1979, it was discovered that Presley had lost out on royalties for songs on which he had been listed as an author or composer because Parker had unwisely advised him not to sign up to ASCAP or its younger competitor, BMI. Experts in the field at the time estimated that it had potentially cost Presley millions of dollars and worse for Parker, it had also potentially cost him those millions of dollars. Parker had unknowingly backed himself into a financial corner. By 1980, the cost of running the estate was estimated to be as much as $500,000 a year. Priscilla and the Trust were prepared to let Parker continue to handle Presley's business affairs, and petitioned the court to that end. However, Judge Joseph Evans, aware that Lisa Marie Presley was still a minor, appointed attorney Blanchard E. Tual to investigate Parker's management. Tual, once appointed as Lisa Marie's guardian ad litem, chose to investigate the entire period of Parker's management of Presley; his preliminary finding was that Parker's management deal of 50% was extortionate compared to the industry average of 15–20%. He also noted that Parker's handling of Presley's business affairs during his lifetime, including the decision to sell off past royalties to RCA for $5.4 million in 1973, was unethical and poorly handled. During a second, more detailed investigation, Tual discovered that all earnings were paid directly to the Trust instead of Parker. By this time, with the IRS demanding almost $15 million in taxes, the estate was facing bankruptcy. On August 14, 1981, Judge Evans ordered Elvis Presley Enterprises to sue Parker for mismanagement. Parker countersued. The case against Parker was settled out of court in 1983, with the estate paying him $2 million ($ in dollars) in exchange for all Presley audio recordings or visual images that he owned and the termination of his involvement in any Presley related earnings for five years. Parker had worked as a "consultant" for Hilton Hotels since Presley's death, with some believing he