Riley Keough will make payments to Priscilla Presley and will become the sole administrator of Lisa Marie Presley’s estate.
Riley Keough will pay Priscilla Presley a lump sum as part of a deal that will end the battle over Lisa Marie Presley’s estate, according to new York Times.
Riley Keough (Lisa Marie’s daughter) has agreed to pay up to $400,000 in legal expenses incurred by Priscilla (Lisa Marie’s mother) after her grandmother asked a California judge to challenge Presley’s living trust. had asked to quash the alleged 2016 amendment. The controversy, which emerged just weeks after Lisa Marie’s sudden death earlier this year, centered on an amendment that removed Priscilla and former business manager Barry Siegel as co-trustees of her daughter’s Promenade Trust and Keough and his deceased brother, Benjamin, were jointly named. Trustee.
Elvis Presley’s ex-wife Priscilla will also remain. special advisor of the trust as part of the settlement, and will receive an undisclosed annual sum for his new role for 10 years, or until his death. Riley Keough will be the sole administrator of her mother’s trust.
Lawyers for Priscilla and Keough announced last month that they had reached a settlement, but details of the settlement were not disclosed. The due date for the motion has been set for June 12, while a follow-up hearing has been set for August 4.
After the hearing in which the deal was announced in May, Priscilla’s attorney, Ronson J. Simon told reporters, The family is happy. Everyone is happy, united, together and excited for the future. ,
Karishma Madarang
translated by editor