Priscilla Presley and her granddaughter, Riley Keough, have finally settled their fight over the estate of the late Lisa Marie Presley.
The legal dispute began four days after Lisa Marie’s memorial when Priscilla contested a 2016 amendment that removed her and former business manager Lisa Marie as co-trustees and gave control to Riley, Lisa Marie’s daughter, and Benjamin, her late son.
He argued that he was unaware of its existence and that Lisa Marie failed to inform him as required by the terms of the trust.
Read on to learn more.
‘Happy family; Everyone’s Happy’ About the Solution
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In an important development, a settlement has been reached in the ongoing dispute over Lisa Marie Presley’s estate. Tuesday, attorneys representing Priscilla Presley and Riley Keough successfully negotiated a settlement in a Los Angeles court.
follow People magazine, Keough’s legal team will submit a confidential settlement request covering Promenade and the insurance trust. Confirming the deal, Ronsen Shamoon, Priscilla’s lawyer, spoke to the media, stating, “They’re done. Happy family. Everyone is happy. United and together and excited for the future.”
Justin Gold, Keough’s attorney, added, “[Riley] won’t agree to the settlement if he’s not satisfied with it.” The next step in the process is a hearing and motion for approval, scheduled for Aug. 4.
Priscilla Presley Challenges the ‘Authenticity’ of Lisa Marie’s Trust
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Tragedy struck in January when Lisa Marie Presley, beloved daughter of iconic musician Elvis Presley and ex-wife Priscilla, died at the age of 54 following a heart attack.
Unfortunately, after his death brought controversy about his beliefs. Four days after the “Light Out” singer’s memorial, Priscilla’s legal team filed a petition in Los Angeles challenging the “authenticity and validity” of the 2016 amendment made to Lisa Marie’s living trust.
The will amendment, which removed Priscilla and Lisa Marie’s former business manager Barry Siegel as co-trustee, gave control of the trust to Keough, Marie’s 33-year-old daughter, and his late son, Benjamin. Tconfidenceust includes the famous Graceland mansion and a significant 15 percent stake in Elvis Presley Enterprises (Reported to generate a staggering $110 million in revenue by 2022.
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Priscilla, insisting that she didn’t know about the 2016 amendment until after her daughter’s death, argued to overturn it on multiple grounds. One such argument is that Marie has failed to meet the trust’s requirement to inform her of the change.
However, a close friend of the deceased confirmed Many people that there was no doubt about her intentions, “Lisa wanted Riley and Ben to be trustees – and all her children to be beneficiaries.”
Priscilla Presley Says She Acted Out of ‘Integrity And Love’
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Priscilla and Keough will be joint trustees if the court deems the 2016 amendment invalid.
Speak to Many people, a confidential source close to the family revealed, “Priscilla doesn’t want Riley to be held responsible just because she didn’t speak up. Meanwhile, Riley doesn’t want Priscilla to interfere.” A source close to Keough added, “It’s an unfortunate sad situation. Riley was surprised Priscilla contested the amendment.”
On February 3, Priscilla released a statement confirming her actions were guided by “integrity and love.” Additionally, sources connected to Lisa Marie’s ex-husband, Michael Lockwood, who is acting as guardian ad litem for their 14-year-old twins, stated that Priscilla maintains a close relationship with Lockwood to stay involved in her grandchildren’s lives.
Lisa Marie Can’t Believe Priscilla Was Acting In Her ‘Best Interest’
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Insiders close to the situation have been vocal about Lisa Marie’s firm intention to leave her estate to her children.
According to a reliable source who spoke to him Many people, Lisa’s motive is clear, “the ally does not feel that Priscilla is doing anything for her benefit.” The source emphasized Lisa’s commitment to living authentically and “will not stand still when she is taken advantage of.”
“No one can rewrite the past seven or eight years and claim otherwise,” the insider added.
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Joel Weinshanker, Managing Partner at Elvis Presley Enterprises, echoed that sentiment, expressing his dedication to honoring Lisa’s wishes. In a statement to Entertainment tonight, Weinshanker emphasized the importance of considering what Lisa wanted, stating, “We just want to think about what Lisa wants, and that’s what’s best for Elvis. He had no doubt in his mind that it was Riley.
He added that “a lot of written information” supports Lisa’s intentions, saying she “has talked to so many of her friends about it.” “There’s never been a question, and anyone who speaks differently isn’t looking for Elvis, isn’t looking for Lisa, certainly isn’t looking for Riley,” he insisted at the time.
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Source: thtrangdai.edu.vn/en/
