Priscilla Presley, 77, has dominated headlines since the death of Lisa Marie Presley in January after her contesting her daughter’s will.
This led to reports of a bitter family feud between Lisa’s oldest daughter Riley Keough, 33, and her grandmother.
However, Priscilla and Riley have now managed to reach a settlement, according to MailOnline.
Priscilla’s attorney Ronson Shamoun told the outlet: “Priscilla is happy. The families are happy and unified and together and excited for the future.”
Asked if Riley was happy with the settlement, her attorney Justin Gold told the publication: “She would not have agreed to the settlement if she was not happy with it.”
Express.co.uk has contacted Riley Keough and Priscilla Presley’s attorneys for comment.
It’s unlikely that the terms of their settlement will become known to outsiders.
The will, last updated by Lisa Marie in 2016, contains the rights to the Graceland mansion as well as a 15 per cent stake in Elvis Presley Enterprises.
Lisa Marie also had two life insurance policies, one believed to be worth $25 million and another one for $10 million.
As well as replacing mother Priscilla as a trustee and cutting her out of the will, Lisa Marie’s amendment named Riley’s brother, Benjamin, as the other trustee.
However, Ben, unfortunately, died in 2020, leaving Riley as the sole-named heir, also giving her authority of the late singer’s wealthy Promenade Trust.
Two weeks after Lisa Marie’s sudden death in January this year, Priscilla contested her granddaughter’s control.
Inside ALL the Phillip Schofield feuds – from Willoughby to Holden[INSIGHT]
Amal and George Clooney arrive at The Prince’s Trust Awards[PICS]
Sue Barker says ‘we don’t care if we cross a line’ in Question of Sport reunion[COMMENT]
Priscilla petitioned to question the “authenticity and validity” of the trust, claiming that Lisa Marie’s signature was “inconsistent”, leading her to need to be restored as a trustee.
She also claimed she was not aware Lisa Marie had changed the trust in 2016 until after her daughter had died.
Riley was reportedly furious when her grandmother decided to go to court to protest the will.
It was also claimed that Priscilla and Lisa Marie were “barely speaking” just before the latter’s death after Priscilla had sided with Michael Lockwood over the custody of her twins.
Riley, however, had supported her mother during the child custody disputes with Lisa Marie’s fourth husband, Lockwood, father of 14-year-old twins Finley and Harper.
Despite reports they were not talking, Lisa Marie and Priscilla did attend the premiere of Elvis together as well as the Golden Globes.
Last month, Judge Scaduto granted Lockwood’s petition to be appointed “guardian ad litem” of Harper and Finley, allowing him to represent the girls over their mother’s estate.
Lockwood has control over his daughter’s inheritance until they reach adulthood at 18, with this being his second chance to share in the Presley wealth.
He had missed out in his and Lisa’s divorce, with the pair spending since 2016 fighting about finances and were still negotiating over child support for the twins up until her death.
Source: Read Full Article