Priscilla Presley and Riley Keough Settle Trust Dispute Over Lisa Marie’s Estate

Priscilla Presley and her granddaughter Riley Keough have settled their dispute over Lisa Marie Presley’s trust.

Priscilla Presley and her daughter, Lisa Marie Presley
Priscilla Presley and her daughter, Lisa Marie Presley

The legal teams representing both parties appeared in court on Tuesday to resolve the issue regarding control of Lisa’s trust, which includes valuable assets such as the Graceland mansion and a stake in Elvis Presley Enterprises.

Sources close to the matter have revealed that an undisclosed sum of money, reportedly in the millions, was paid by Lisa Marie’s estate to Priscilla as part of the settlement.

The trust battle emerged following Lisa Marie’s passing in January, with Priscilla contesting an amendment to the trust that removed her and Lisa’s former business manager as trustees, leaving Riley as the sole trustee.

Priscilla raised concerns about the amendment’s validity, citing reasons such as the non-delivery of the document, misspelling of her name, auspicious dates, and alleged inconsistencies in Lisa Marie’s signature.

Also read: Something was off with Lisa Marie Presley two days before her sudden death.

Considering the significant financial stakes involved, the settlement brings about a favorable outcome for Priscilla, who is set to receive a substantial sum.

Following the hearing, Priscilla’s attorney announced the resolution outside the courtroom, expressing the satisfaction of both families involved and their optimism for the future.

The settlement agreement specifically pertains to the Promenade Trust, which designates Riley Keough as the beneficiary of Lisa Marie’s estate.

However, the deal’s details were not disclosed during the court proceedings. Attorneys for both parties intend to file a motion to seal the settlement agreement, with a deadline of June 12 set by the judge. Another hearing in the case is scheduled for August 4.

Lisa Marie Presley, the sole child of iconic musician Elvis Presley, tragically passed away in January due to a cardiac arrest.

Priscilla Presley’s dispute with the 2016 amendment to Lisa Marie’s will, which appointed Riley and Lisa’s son Benjamin Keough as co-trustees, stemmed from allegations that Priscilla was unaware of the changes during Lisa Marie’s lifetime, as required by the trust’s terms.

Related: Lisa Marie Presley is laid to rest next to her son Benjamin.

As a result, Priscilla sought to invalidate the amendment, asserting it did not comply with the trust’s protocols.

The settlement brings relief to the loved ones of Lisa Marie Presley, allowing them to move forward from the trust battle and focus on cherishing her memory.

Priscilla and Riley’s agreement, reached through legal channels, aims to maintain harmony within the family, ensuring everyone involved is content with the outcome.

As they navigate the aftermath of this challenging situation, they remain unified and hopeful for what lies ahead.