Lisa Marie Presley, Priscilla Presley and Riley Keough immortalize their handprints at the Chinese Theater in Hollywood.
Photo: Getty Images, Jon Kopaloff. All rights reserved.
Priscilla Presley and her granddaughter Riley Keough have reached an agreement over the administration of Lisa Marie Presley’s estate. According to a report by the New York Times Presley received $1 million from her daughter’s estate, which is now held in trust by Riley Keough. In addition, she was promised $400,000 in legal fees. It was announced in May that Presley and Keough had reached an agreement in the inheritance dispute – but the details have so far remained under wraps.
Elvis Presley’s widow had contested her will after her daughter’s death in January 2023 after learning that she and former business manager, Barry Siegel, were removed as trustees from the will in 2016. Instead, Lisa Marie Presley had listed her children, Riley Keough and Benjamin Keough, as “subsequent co-trustees of the trust” after her death. In response, Priscilla Presley’s attorneys claimed the 78-year-old saw “many issues with the authenticity and validity” of the amendment, including a misspelling of Priscilla’s name.
Now the court has ruled that Riley Keough will act as sole trustee of her mother’s estate and trustee for her 14-year-old twin sisters, Harper and Finley Lockwood. Accordingly, the three siblings will share the inheritance, their uncle Navarone Garibaldi was awarded a ninth of the estate. The inheritance consists not only of the Graceland estate, where the “King Of Rock” lived from 1957 until his death in 1977, but also of a 15 percent interest in the company “Elvis Presley Enterprises”.