The legal issue over Lisa Marie Presley’s estate has been resolved between Riley Keough, Riley Presley’s daughter, and Priscilla Presley, Lisa Marie’s mother, and Elvis’ ex-wife.
The singer and Elvis Presley’s lone child tragically fell away from a heart attack on January 12, 2023. Sadly, the Presley family had a great deal of conflict following Lisa Marie’s premature death. According to a January 26 article in The Hollywood Reporter, Priscilla had filed a request to have a 2016 modification to Lisa Marie’s last will and testament that had handed Riley and her late brother Benjamin Keough dominion over the estate declared unlawful.
In addition to other discrepancies, Priscilla, Elvis’ ex-wife, apparently contested Lisa Marie’s signature on the document and it appeared that it was not notarized. After months of court fights, the grandmother and granddaughter came to a settlement deal on May 16 for an undisclosed amount. The vocalist of “Lights Out” is currently in the process of being chosen to serve as the trustee.
The dispute surrounding the singer Lisa Marie Presley’s business troubles has progressed in one more way. According to legal paperwork obtained by Entertainment Tonight, Riley Keough officially took over as the sole trustee of her mother’s estate on June 12 along with the “sub-trusts” of Lisa Marie’s other two kids, twins Harper and Finley Lockwood.
The “Daisy Jones and the Six” actress’s lawyer noted in the document that she will not be paid a “trustee fee” by the estate, as Priscilla Presley allegedly would have. Priscilla will still play a small part in the settlement as the trustee of the sub-trust for Lisa Marie’s half-brother, Navarone Garibaldi, which will be funded by a “one-time” payment from Lisa Marie’s trust.
The legal hiccup was behind them, according to Priscilla, who said to Entertainment Tonight that “the Presley family is stronger than ever” after her “request for document interpretation” on Lisa Marie’s trust was satisfied.
She said in her statement, “I want to make it clear that no lawsuit has ever been filed against my lovely granddaughter, despite the fact that certain media outlets mischaracterized such a plea as a lawsuit. We are pleased that as a family, we were able to find a solution. I’m hoping that everyone will give my family and I the room we need to grieve Lisa Marie appropriately and spend quiet time with one another.