An estate battle challenging the will of Lisa Marie Presley has been settled, a representative for her mother Priscilla Presley confirmed to The Hollywood Reporter.
Terms of the deal, which is subject to court approval, were not disclosed.
The agreement resolves a petition by Priscilla Presley filed in January in Los Angeles Superior Court that questioned the “authenticity and validity” of a 2016 amendment that replaced her and former business manager Barry Siegel as co-custodians of the estate with Lisa Marie Presley’s daughter Riley Keough and deceased son Benjamin Keough.
Lisa Marie Presley passed away on January 12 after cardiac arrest at her home in Calabasas, California. The singer and only child of Elvis Presley turned 54.
Priscilla Presley said in a statement that her family is “happy we got through this together.”
“My family has cleared up any confusion regarding our plea in court and request for interpretation of documents following the untimely death of my daughter Lisa Marie,” she added. “Although the media identified such a plea as a lawsuit, I want to make it clear that no lawsuit has ever been filed against my beloved granddaughter.”
A lawyer for Riley Keough did not respond to a request for comment.
The deal, if approved, will end the squabble over control of the estate. Priscilla Presley currently serves as the head of a trust established in 1993 to manage Presley’s estate, which includes a 15 percent stake in the company that manages Elvis Presley’s intellectual property.
In challenging her daughter’s will, Priscilla Presley argued that the amendment replacing her as co-administrator of the estate was never passed to her during her daughter’s lifetime, as required by the terms of the trust. She also stressed that the document misspelled her name and that her daughter’s signature was “in conflict with her usual and customary signature”.
Other inconsistencies included that it was never attended or notarized and the provisions were not on the signature page, as is common practice, the petition said.
The petition stated that Riley Keough was already slated to become a co-trustee of the trust with Priscilla Presley, as Siegel said he intended to step down.
Riley Keough is one of the beneficiaries of the trust, along with her sisters. Benjamin Keough died by suicide in 2020.
