Los Angeles Superior Court has approved a settlement between Priscilla Presley and her granddaughter Riley Keough. According to CNN, this ends a months-long legal dispute over the estate of Elvis’ deceased daughter, Lisa Marie Presley.
According to a copy of the document obtained by CNN, Judge Lynn Scaduto signed the settlement on Monday, finally approving the agreement between Elvis Presley’s ex-wife (they were married from 1967 to 1973) and her granddaughter Riley Keough. It concerns division of property Lisa Marie Presley. CNN, which obtained a copy of the document, reports that Priscilla will receive a one-time payment of $1 million and will step down as trustee of Lisa Marie’s trust, “making Keough the sole trustee of her late mother’s estate.” In addition, grandma will receive PLN 100,000. dollars per year as a “special advisor” to another fund.
The website of “People” magazine writes about another point of agreement, regarding Priscilla’s future burial. It was agreed that after her death she would be laid to rest next to her ex-husband in the Meditation Garden on the grounds of Graceland, Elvis’ estate. Over there Lisa Marie was also buried.
The fight for the estate of Elvis’s only daughter
Lisa Marie Presley, only child of Elvis Presley, she died on January 12 this year. As stated, cause of death of a 54-year-old woman there was a small intestine obstruction. Shortly thereafter, the deceased’s mother and ex-wife of the “king of rock’n’roll” she challenged her will. It was about an amendment in which the daughter was to remove Priscilla Presley as trustee of her estate. After months of negotiations, an agreement was reached in May on its division between Lisa’s mother, Marie, and the latter’s daughter. In June the settlement went to court in Los Angeleswhich finally approved it on Monday.
Main photo source: Shutterstock