A representative for Priscilla Presley has confirmed that the estate battle over the will of Lisa Marie Presley has been settled, according to The Hollywood Reporter. The terms of the settlement, which is pending court approval, have not been disclosed.
Priscilla Presley filed a petition in January in Los Angeles Superior Court challenging the legitimacy and authenticity of a 2016 amendment replacing her and former business manager Barry Siegel as trustees of the estate. Riley Keough, daughter of Lisa Marie Presley, and Benjamin Keough, deceased, were named as co-trustees in the amendment.
Lisa Marie Presley passed away on January 12 at the age of 54 after suffering cardiac arrest at her home in Calabasas, California. Priscilla Presley expressed satisfaction with the resolution, stating that her family is pleased to have resolved the matter together. She clarified that the plea made to the court and the request for document interpretation were not lawsuits against her granddaughter.
The settlement, if approved, will bring an end to the dispute over control of the estate. The estate of Elvis Presley, which includes a 15 percent stake in the company that controls the music and intellectual property of Presley, is managed by Priscilla Presley, who currently serves as the head of the trust established in 1993 for the presley estate.
In her challenge to her daughter’s will, Priscilla Presley argued that the amendment replacing her as co-trustee was never delivered to her during Lisa Marie’s lifetime as required by the trust’s terms. She also pointed out inconsistencies in the document, such as misspelling her name and a signature that was different from her daughter’s usual and customary signature. The petition further highlighted that the document lacked witnesses, notarization, and the provisions did not appear on the signature page as is customary.
According to the petition, Riley Keough was already slated to become a co-trustee of the trust alongside Priscilla Presley, as Barry Siegel had expressed his intention to resign. Riley Keough, along with her sisters, is one of the beneficiaries of the trust A tragic suicide occurred in 2020 at the age of Benjamin Keough.
The settlement brings closure to the legal dispute surrounding Lisa Marie Presley’s estate and provides resolution for the Presley family. Riley Keough, along with her sisters, is a beneficiary of the trust. Benjamin Keough, Lisa Marie’s son, tragically died by suicide in 2020.