Riley Keough Pays Priscilla Presley $1 Million To Settle Mothers Estate
It was already reported in May that Lisa Marie Presley’s mother and oldest daughter had settled her estate following her unexpected death. However, only now has it been revealed thar Riley Keough had to pay her grandmother $1 million to put an end to their legal disagreement.
The young actress remains the trustee of her mother’s estate, while the monetary transaction removes Priscilla from it.
Riley also had to pay Priscilla $400,000 to cover her legal fees. She’ll forward her grandmother all of the money once she receives the pay-out from her mother’s life insurance policy.
Riley’s lawyer Justin Gold stated in a legal filing, “In settling the claims pending in Priscilla’s Petition, the parties are saving significant legal fees by avoiding litigation, and they are likewise avoiding the spectacle of intra-family litigation that would have been inimical to Lisa’s wishes and not in the best interests of the family.”
Lisa Marie Presley, the only daughter of legendary singer Elvis Presley, passed away after going into cardiac arrest at her home in January 2023. She’s survived by her adult daughter, Riley, as well minor twin daughters.
The musician did have a son, Benjamin Keough, though he died by suicide in 2020. Though he was originally also named as a trustee in his mother’s will, it was amended following his death to only leave Riley as a trustee.
However, Priscilla claimed she never got notice of the change, which happened prior to her daughter’s death. She questioned the authenticity of Lisa’s signature as well as noted that her daughter’s name was misspelled in the documents. This led her to file a dispute with the estate following Lisa’s death.
“The parties would like to report that they’ve reached a settlement,” Prisclla’s lawyer Ronson Saumon told the court in May.
When speaking to the media later, Saumon disputed claim there was a rift in the Presley-Keough family, saying, “The families are happy. Everyone is happy, unified, together and excited for the future.”
Lisa inherited a trust from her father’s estate worth $100 million when she was only 25-years-old, and she also had leadership roles in the E lvis Presley Trust and its business entity, Elvis Presley Enterprises Inc. It’s expected the her daughter, Riley, and later her younger daughters will take on a similar role in the wake of her death.
Sources: Entertainment Tonight, Style Caster,
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