An estate battle contesting the will of Lisa Marie Presley has set in, a representative for her mother Priscilla Presley has confirmed to The Hollywood Reporter.
Terms of the agreement, which is subject to court approval, were not disclosed.
The deal resolves a lawsuit Priscilla Presley filed in Los Angeles Superior Court in January questioning the “authenticity and validity” of a 2016 amendment that replaced her and former business manager Barry Siegel, as co-administrators of the estate with Lisa Marie Presley’s daughter, Riley Keough. and deceased son Benjamin Keough.
Lisa Marie Presley died on January 12 after suffering cardiac arrest at her home in Calabasas, California. The singer and only child of Elvis Presley was 54 years old.
Priscilla Presley said in a statement that her family is “pleased that we have resolved this together”.
“My family has resolved any confusion regarding our plea in court and our request for interpretation of documents following the untimely death of my daughter Lisa Marie,” she added. “Although the media has identified such a plea as a lawsuit, I want to clarify that there was never a lawsuit filed against my beloved granddaughter.”
A lawyer for Riley Keough did not return a request for comment.
The deal, if approved, will end disputes over control of the estate. Priscilla Presley is currently the head of a trust created in 1993 to manage the Presley estate, which includes a 15% stake in the company that controls the intellectual property of Elvis Presley.
In contesting her daughter’s will, Priscilla Presley argued that the amendment replacing her as co-trustee of the estate was never delivered to her during her daughter’s lifetime, as required by the terms of the trust. She also pointed out that the document misspelled her name and that her daughter’s signature was “inconsistent with her usual and customary signature.”
Other inconsistencies included that it had never been attested or notarized and that the provisions did not appear on the signature page, as is customary, according to the petition.
The petition said Riley Keough was already set to become co-trustee of the trust with Priscilla Presley because Siegel had said he intended to step down.
Riley Keough is one of the beneficiaries of the trust, along with her sisters. Benjamin Keough died in 2020 from suicide.