Lisa Marie Presley (left), Priscilla Presley (center) and Riley Keough, family members of the late singer Elvis Presley, write their names in cement during a ceremony in her honor in 2022 at the TCL Chinese Theater in Los Angeles. (Jordan Strauss/Invision/Associated Press)
Lisa Marie Presley’s daughter will become sole administrator of her late mother’s estate, according to a court-filed settlement proposal.
Riley Keough filed a motion in Los Angeles County Superior Court on Monday for approval of a settlement that would include an undisclosed payment to her grandmother, Priscilla, who agreed not to be a co-administrator of Lisa Marie Presley’s estate.
The petition reveals new details of an agreement reached last month to end a potentially protracted family dispute over control of Lisa Marie Presley’s estate, which includes Graceland Mansion in Memphis, Tennessee, and many of Elvis Presley’s personal belongings.
The agreement provides for Elvis’ widow Priscilla to be buried at Graceland, which will now belong to Keough, the filing says.
A representative for Priscilla Presley was not immediately available. An attorney for Keough declined to comment.
“In resolving the claims pending in Priscilla’s petition, the parties save significant attorneys’ fees by avoiding litigation, and they also avoid the spectacle of a family litigation that would have been contrary to Lisa’s wishes and not in the best interests of the family.” Keoughs Attorney Justin Gold wrote in the petition.
Earlier this year, Priscilla Presley attempted to challenge the validity of a document that would have replaced her as trustee, although she denied the legal maneuvers indicated a family split.
Lisa Marie Presley, 54, died in LA in January after suffering cardiac arrest. She is survived by her three daughters, actor Keough and twins Harper and Finley Lockwood, from two different marriages.
Before her death, Lisa Marie Presley had helped oversee the King of Rock and Roll’s estate.
According to court documents, in 1993 Lisa Marie Presley appointed her mother and then-manager Barry Siegel as co-trustees of her trust.
After her death on January 12, her mother said she discovered an amendment to the will dated March 11, 2016, replacing both as trustees after her death. The change, if valid, would have replaced her and Siegel with Keough, 33, and Benjamin Keough, who died in 2020 at the age of 27.
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However, Priscilla Presley questioned the authenticity of Lisa Marie Presley’s signature on the document, adding that it also misspelled Priscilla Presley’s name and was not given to her while her daughter was alive, as required by the Trust, states in court records.
In addition, Presley said the amendment was not authenticated or notarized. Priscilla had expected her granddaughter Riley to succeed Siegel as co-trustee.
This story originally appeared in the Los Angeles Times.