Priscilla Presley says she settled a dispute over the estate of Lisa Marie Presley, who died in January, with her granddaughter.
Lawyers for Priscilla Presley, 77, and Riley Keough, 33, told a judge about the settlement in court on Tuesday, according to the Los Angeles Times. Priscilla had challenged the validity of her daughter Lisa Marie’s will which gave Keough control of the trust.
In a statement on Tuesday, Priscilla noted that the dispute was not a lawsuit against her granddaughter but a “plea in court and request for document interpretation.”
“As a family, we are happy to have solved this together,” Priscilla said. “My family and I hope everyone will give us the privacy we needed to properly mourn Lisa Marie and spend some personal time together.”
It’s unclear how much money is involved in the trust, but it essentially owns the entire estate of Elvis Presley. Priscilla, who is credited with deleveraging her former husband’s estate, wants to retain control of the trust, according to her January filing.
Details of the settlement have not been made public.
Priscilla and business manager Barry Siegel were originally named directors, but the contested 2016 amendment shifted that responsibility to Keough.
Priscilla’s petition, which was filed in January, alleged that she was not notified of her removal as her daughter’s estate trustee, as required. The filing called into question the validity of Lisa Marie’s amended will as it only exists in PDF copy.
Priscilla’s motion also challenged a signature purporting to be Lisa Marie’s but appears inconsistent with the deceased’s handwriting, and that it bears Lisa Marie’s signature on a blank page devoid of amendment language.
Lisa Marie’s amendment also had her son, Benjamin Keough, listed as a trustee until his death in 2020.
Elvis Presley’s former home, Graceland Mansion in Memphis, Tennessee, belonged solely to his daughter Lisa Marie. The 13-acre residence has been transformed into a major tourist destination that includes many of Elvis’ remaining personal effects, such as costumes, wardrobe, awards, furniture and cars, according to Graceland.