The dispute between Priscilla Presley and Riley Keough over Lisa Marie Presley’s estate has finally been settled.
Lisa Marie Presley died unexpectedly in January 2021 while in hospital after going into cardiac arrest at her home. She was survived by her mother, Priscilla Presley, and her three daughters, two of whom are minors.
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Following her death, it was revealed that Lisa Marie made an amendment to her will in 2016, which replaced her mother and former business manager, Barry Siegel, as the trustees with her oldest children, Riley and Benjamin Keough. However, the singer’s only son died by suicide in 2020, leaving Riley the only trustee.
This led Priscilla to file a dispute with the will, questioning its validity. She claimed she didn’t receive notice of the amendment while her daughter was alive, she questioned the authenticity of her daughter’s signature, and pointed out that the document misspells her name.
However, it appears Priscilla has agreed to a settlement with her eldest granddaughter.
“The parties would like to report that they’ve reached a settlement,” Prisclla’s lawyer Ronson Saumon told the LA court earlier this week.
A post shared by Priscilla Presley (@priscillapresley)
The attorney later told the media that there’s no animosity between Priscilla and her grandchildren. “The families are happy,” he said. “Everyone is happy, unified, together and excited for the future.”
Details of the settlement are unknown, including how much money, if any, Priscila is inheriting from the state. Lawyers for both Priscilla and Riley confirmed their intentions to seal the settlement agreement, so details won’t be released to the public.
The motion to seal and settlement has been set for June 12th, while another hearing will be held in August to wrap up final details of the estate.
Lisa Marie Presley may have been most famous for being the daughter of Elvis Presley, but she also had a successful music career during her lifetime. She released three albums, 2003’s To Whom It May Concern; 2005’s Now What; and 2012’s Storm and Grace.
Lisa Marie inherited a trust fund from her father’s estate valued at $100 million by the time she turned 25. She was highly involved with the Elvis Presley Trust and its business entity, Elvis Presley Enterprises Inc., helping to grow the generational wealth created by her father.
Though Riley is the trustee of the estate, it’s been reported that Lisa Marie also left her fortune to her youngest daughters, twins Harper and Finley Lockwood, born in 2008.
Sources: CNN, Style Caster, PEOPLE,
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