Priscilla Presley has reached a settlement over her late daughter Lisa Marie Presley’s trust and is reportedly set to receive millions of dollars. The settlement resolves months of alleged familial tensions. Lisa Marie’s daughter, Riley Keough, is the official beneficiary of the trust.
Priscilla Presley has reportedly settled a dispute over her late daughter Lisa Marie Presley’s trust and was awarded “millions” in the agreement, which also saw her granddaughter Riley Keough named as the official beneficiary.
Priscilla Presley, former wife of rock icon Elvis Presley, has reportedly settled a dispute over the trust of her late daughter, Lisa Marie Presley. At a recent Los Angeles court hearing, attorney Ronson J Shamoun announced that the parties had reached an agreement, but that both parties planned to file a motion to seal the settlement. The late musician’s daughter, Riley Keough, is the official beneficiary of the trust. The total sum awarded to Priscilla has not been confirmed, but TMZ reported that she was awarded “millions.”
Priscilla later issued a statement, saying, “My family has resolved all confusion as it relates to our plea to the court and request for document interpretation after my daughter Lisa Marie’s untimely passing. Although the media identified such a plea as a lawsuit, I want to make clear that there was never any lawsuit filed against my beloved granddaughter. As a family, we are pleased that we resolved this together.” Priscilla added that the Presley family hoped to be granted privacy to grieve and spend personal time together.
Lisa Marie was Priscilla’s only daughter with Elvis and the contested will had omitted Priscilla and Barry Siegel as trustees in favor of Riley and her brother, Benjamin Keough, who died by suicide in July 2020. Priscilla had previously contested her daughter’s will, claiming that a “purported 2016 amendment” wasn’t legitimate.
According to an insider, Priscilla and Riley were not speaking to each other despite Priscilla’s claims that she wanted to keep their family “together.” Lisa Marie passed away in January 2021 after going into cardiac arrest, aged 54. She is survived by her twin daughters, Vivienne and Finley, currently in the custody of their father, Michael Lockwood.
The judge asked for the settlement and motion to seal to be filed by June 12, with another hearing scheduled for August 4. While the details of the agreement have not been disclosed, both parties are said to be happy and “unified, together and excited for the future.”