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| Above, Elvis Presley's Graceland mansion. Photo by Armand Vaquer. |
The dispute between Priscilla Presley and granddaughter Riley Keough over Lisa Marie Presley's estate has been settled.
Rolling Stone reported:
Priscilla Presley and Riley Keough have reached a settlement over the estate of Lisa Marie Presley, CNN reports.
Lawyers for Priscilla (Lisa Marie’s mother) and Keough (Lisa Marie’s daughter) announced the agreement at a court hearing in Los Angeles Tuesday, May 16. Details of the agreement were not divulged, and the settlement request itself will be submitted under seal. The motion must be filed by June 12, while a follow-up hearing has been scheduled for Aug. 4.
The dispute — which emerged just a few weeks after Lisa Marie’s sudden death earlier this year — centered around an amendment in Lisa Marie’s living trust, which Priscilla claimed was “invalid.” The document, dated March 11, 2016, reportedly sought to remove Priscilla and former business manager Barry Siegel as co-trustees of her daughter’s Promenade Trust and name Keough and her now-deceased brother, Benjamin, as co-trustees.
Priscilla, however, argued that the document was “never delivered” to her during Lisa Marie’s lifetime, as required by “express terms” of the trust agreement. They also argued its validity was dubious because the amendment misspelled Priscilla’s name, wasn’t witnessed or notarized, and that “Lisa Marie’s signature appears inconsistent with her usual and customary signature.”
After the hearing where the settlement was announced, Priscilla’s attorney, Ronson J. Shamoun, told reporters, “The families are happy. Everyone is happy, unified, together and excited for the future.” Keough’s lawyer, Justin Gold, added that Keough is “very content” with the agreement. (The two lawyers did not immediately return Rolling Stone’s request for additional comment.)
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