In their legal dispute over Lisa Marie Presley’s assets, Riley Keough, Lisa Marie’s daughter, and Priscilla Presley, Lisa Marie’s mother and Elvis’ first wife, have come to an understanding.
Tragically, the famous singer and Elvis Presley’s only child passed away from a heart attack on January 12, 2023. The Presley family experienced severe upheaval in the wake of Lisa Marie’s unexpected death.
Priscilla reportedly filed a petition to challenge a change made to Lisa Marie’s last will and testament in 2016 that gave Riley and her late brother Benjamin Keough control over her property. This is according to The Hollywood Reporter.
Among other things, Priscilla was concerned about the validity of Lisa Marie’s unnotarized signature on the document.
The grandmother and granddaughter reached an undisclosed settlement following months of legal wrangling. The vocalist of “Lights Out” has now been assigned a single trustee. “.
The estate of Lisa Marie Presley has appointed Riley Keough as its sole executor. This most recent development is a significant step toward resolving the complex problems involving the singer’s business concerns.
Priscilla will continue to play a small role in the settlement as the person in charge of managing the sub-trust for Navarone Garibaldi, Lisa Marie’s half-brother. She will receive a one-time payment from Lisa Marie’s trust as part of her gift.
Contrary to Priscilla Presley, who was allegedly entitled to one, the actress from “Daisy Jones and the Six”‘s attorney confirmed in the filing that she would not receive a trustee fee from the estate.
Priscilla will continue to play a small role in the settlement as the trustee of the sub-trust for Lisa Marie’s half-brother, Navarone Garibaldi. She will receive a one-time donation from Lisa Marie’s trust.
Priscilla addressed the issues surrounding the interpretation of Lisa Marie’s trust documents in an interview with Entertainment Tonight, saying that “the Presley family is now stronger than ever” and that the legal squabbles were over.
She said, “I want to make it clear that we never filed a lawsuit against my beloved granddaughter, although some media outlets incorrectly labeled it as such.
We are ecstatic that we were able to resolve this matter as a family. I respectfully request that everyone respect our need for privacy as we support one another and grieve Lisa Marie. “.
