The details of an agreement between Priscilla Presley and her granddaughter Riley Keough were revealed in court documents filed in Los Angeles on Monday.
Lisa Marie Presley’s daughter is taking over as sole trustee of her late mother’s estate, according to a proposed settlement filed in court.
filed a petition Monday in Los Angeles County Superior Court to approve a settlement that would involve an undisclosed payout to her grandmother, Priscilla, who agreed not to be co-trustee of the Lisa Marie Presley estate., which includes the Graceland Mansion in Memphis, Tenn., and many of Elvis Presley’s personal possessions.The agreement allows for Elvis’ widow, Priscilla, to be buried at Graceland, which Keough will now own, according to the filing.
A representative for Priscilla Presley was not immediately available. An attorney for Keough declined to comment. “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,” Keough’s attorney Justin Gold wrote in the petition.
Earlier this year, Priscilla Presley sought to challenge the validity of a document that would have replaced her as a trustee, though she has denied that the legal maneuvers suggested any family split.
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