Photograph Credit score: U.S. Nationwide ArchivesFollowing the demise of Elvis’ solely daughter, Lisa Marie Presley, a dispute ensued over management of the household belief. Now that ‘dispute’ has been resolved.
Priscilla Presley and her granddaughter Riley Keough reached a settlement over the management of the household belief. “My household has now resolved all confusion because it pertains to our plea to the court docket and request for doc interpretation after my daughter Lisa Marie’s unhappy and premature passing. Though the media has recognized such a plea as a lawsuit, I need to clarify that there was by no means any lawsuit filed towards my beloved granddaughter. As a household, we’re happy that we resolved this collectively,” says Priscilla Presley’s assertion.
Lisa Marie Presley died at 54 years previous on January 12. Two weeks after the demise, Priscilla filed a petition asking the Los Angeles Superior Court docket to rethink a 2016 modification eradicating her from the household belief. That modification changed her with Lisa Marie’s kids Benjamin Keough and Riley Keough. Benjamin died in 2020.
Priscilla argued the modification was invalid and doubtlessly fraudulent because the signature didn’t match Lisa Marie’s handwriting and Priscilla’s identify was misspelled. A combat over management of Lisa Marie’s property was reported within the days after her demise.
The Promenade Belief has a 15% stake within the firm that controls the Elvis Presley model after promoting the remainder of its stake in 2005. It additionally owns Graceland, the previous residence of Elvis Presley, which is now a museum and vacationer attraction in Memphis, Tennessee.
Particulars of the settlement weren’t launched, however the dispute drummed up within the media a number of weeks in the past is now being reframed. On the time of her demise, TMZ experiences that Lisa Marie has round $35 million in life insurance coverage insurance policies, which was doubtlessly topic to dispute too. Lisa Marie’s lavish spending reportedly left her $4 million in debt when she died, with greater than $2.5 million owed to the IRS.