Riley Keough Has Been Named The Sole Heir Of Lisa Marie Presley Estate
After the death of Lisa Marie Presley in January, questions instantly raised over who would become the official trustee of her and Elvis’ estate. After months of legal disputes, a judge has decided that Riley Keough will inherit the estate.
The options lied between Lisa Marie Presley’s daughter, Riley Keough and her mother, Priscilla Presley. Though there was a document stating that Lisa Marie intended her estate to be inherited by her children, Her mother Priscilla filed a request that a judge confirm she’s a trustee of Lisa Marie Presley’s estate.
Priscilla was previously named a trustee, but Lisa Marie amended the trust removing her and adding her children. In her request Priscilla stated that “there are many issues surrounding the authenticity and validity of the purported 2016 amendment”.
When Priscilla claimed the dispute over the estate has already been settled in private, Riley Keough filed a petition requesting that she be named the trustee of Lisa Marie Presley’s estate, and Priscilla filed a declaration of support. Priscilla declared that her initial “petition was misconstrued in the press as a ‘fight’ over her beloved daughter’s trust.”, but that “was not the intent. The petition was filed by a law firm who has since been terminated”.
The settlement names ” Priscilla Presley as the trustee of the 1/9 sub-trust for her son Navarone Garibaldi Garcia with no relation to Elvis Presley”. The remainder of the trust will be split amongst Riley Keough and, her 14-year-old twin sisters, Harper and Finley Lockwood, and Priscilla Presley will be removed as a trustee.
Published by HOLR Magazine