Priscilla Presley has finally put an end to any signs of a family feud after posting a photo with her granddaughters Riley Keough and twins Harper and Finley Lockwood, via her official Instagram on Friday.
‘Happy graduation girls! You are now in high school!!!’ Elvis Presley’s widow captured the group photo, celebrating the graduation of 14-year-old Harper and Finley.
The happy image comes just days after it was revealed that Riley, 34, had agreed to pay her grandmother Priscilla $1.4million to take control of the family trust amid reports making state of a family feud.
Riley had been at odds with his grandmother Priscilla, 78, since the death of Riley’s mother, Lisa Marie Presley, in January at the age of 54.
Lisa Marie welcomed daughter Riley and son Benjamin with ex-husband Danny Keough – who she was married to from 1988 to 1994. Benjamin took his own life in 2020 aged 27.
She welcomed twin daughters Harper and Finley in 2008 with then-husband Michael Lockwood, but the couple divorced in 2016.
In a recently signed settlement, Priscilla, 78, agreed – in exchange for $1.4 million plus an undisclosed sum for ten years – to relinquish control of her late daughter’s Promenade Trust, leaving Hollywood star Riley television Davy Jones and the Six, as sole trustee. .
Family truce! Priscilla Presley poses with her granddaughters (twins LR Harper and Finley, 14, Riley Keough, 34, and Priscilla, 78) in a social media post on Friday
In her caption, she wished her 14-year-old granddaughters a happy graduation, due to start high school in the fall.
This week, Priscilla filed a motion asking LA probate judge Lynn Scaduto to seal the financial details of the settlement, keeping them secret from the public.
“The settlement agreement contains private details regarding my daughter’s trust which is to benefit my two minor granddaughters (Harper and Finley, 14, children of Lisa Marie by fourth husband Michael Lockwood, 62)” , she wrote in her query found by DailyMail .com.
“If this information were to become public, it could put my safety and that of my family at risk.
“It should subject me to significant danger, emotional distress and negatively affect my physical and mental health.
“It would also subject my son (musician Navarone Garibaldi, 36) and underage granddaughters to harassment and bullying. We’ve all been through enough.
The deal between Priscilla and Riley settled a feud between the two that erupted when, just two weeks after Lisa Marie’s death in January, Priscilla filed a legal challenge to her daughter’s will – which had taken control of her rich Promenade Trust to Priscilla and given to Riley.
Riley was reportedly furious when her grandmother went to court to protest the will.
Priscilla, 78, has appealed to a Los Angeles judge she ‘fears for her safety and the safety of her family’ if the court doesn’t seal the details of her new deal
But in her motion to seal, Priscilla shrugged off the notion of a quarrel and said she fired the lawyers who filed her motion challenging the will.
“My January 2023 petition was misinterpreted in the press as a ‘fight’ for my beloved daughter’s Trust,” she wrote. ‘That was not the intention. The petition was filed by a law firm that has since been fired.
“I have filed the motion to resolve any potential uncertainty surrounding the Promenade Trust’s interpretation.
“My daughter’s passing was both devastating and heartbreaking.
‘We learned that fans are realizing that we are ‘Just A Family’. Elvis would be proud and his and Lisa’s wishes are what matter most to all of us,’ Priscilla wrote in her statement.
‘We learned that fans are realizing that we are ‘Just A Family’. Elvis would be proud and his and Lisa’s wishes are what matter most to all of us.
“My granddaughter, through her own attorney, along with my team, worked diligently and tirelessly to resolve any family misunderstandings.”
Riley also agrees to seal the private financial arrangement she made with her grandmother – which includes paying Priscilla a certain amount (redacted in the court document) “per year for 10 years or for life” by as special adviser to the trust, plus $1 million. and $300,000 to $400,000 in legal fees.
Their settlement also grants Priscilla’s wish to be buried at Graceland, Elvis’ home in Memphis, Tennessee.
“There is an overriding interest of confidentiality which justifies sealing the supporting documents and statements regarding the terms of the money paid to Priscilla,” Riley’s attorney, Justin Gold, wrote in new court documents seen by DailyMail.com.
“The exhibits and petition contain financial and personal information regarding payments made to Priscilla to eliminate her role as trustee for Riley, Harper and Finley.”
Gold added: “This court is asked to consider that Riley, Harper and Finley did not seek to bring their legacy issues into the public forum…”.
The attorney said in other legal documents that if the court approves the grandma-granddaughter settlement, Riley will not charge for her services as a trustee.
“The beneficiaries are all saving money that would have gone to Priscilla who was going to charge trustee fees.
Along with being the sole administrator of Lisa Marie’s estate, Riley is also the deputy administrator of her 14-year-old twin sisters, Harper and Finley Lockwood.
‘By settling the pending claims in Priscilla’s petition, the parties save significant legal costs by avoiding litigation, and they also avoid the spectacle of intra-family litigation that would have been against Lisa’s wishes and not in the best interest.
In addition to being the sole administrator of Lisa Marie’s estate, Riley is also the deputy administrator of her twin half-sisters Harper and Finley Lockwood.
She’s willing to invest trust money “in a way consistent with the needs of the beneficiaries,” according to Gold.
Riley – mother of a baby girl with husband Ben Smith-Petersen – ‘still mourns her mother’ and the legal battle which took place when Priscilla challenged Lisa Marie’s will was reportedly ‘very tough’ on her.
So she was relieved and happy when she and her grandmother buried the hatchet and reached a settlement agreement.
“She wouldn’t have accepted the settlement if she wasn’t happy with it,” her lawyer Gold told DailyMail.com.
Priscilla’s lawyer, Ronson Shamoun, told DailyMail.com that with the settlement, “the families are happy and unified and together and excited for the future”.
According to the documents, Priscilla was officially removed as trustee of her late daughter’s estate on May 11.
The Daisy Jones & the Six star filed papers earlier this week asking the court to finalize her late mother’s trust settlement, about five months after Lisa Marie died on January 12 following multiple arrests cardiac.
