Riley Keough, the granddaughter of Elvis Presley and daughter of Lisa Marie Presley, has reached a settlement with her grandmother, Priscilla Presley, over her late mother’s estate. The settlement was reached in court on Tuesday, and Keough was photographed in Vancouver the following day, looking relieved and hoping to move on. Keough’s priority now is to focus on making memories with her own daughter, as she is still grieving the loss of her mother. Keough’s husband, Ben Smith-Petersen, revealed they had welcomed a daughter together at Lisa Marie’s public memorial on January 22.
The settlement was reached after Priscilla filed a petition in Los Angeles questioning the « authenticity and validity » of a 2016 amendment to Lisa Marie’s living trust. The change had removed Priscilla and Lisa Marie’s former business manager Barry Siegel as cotrustees and gave control of the trust to Riley and Lisa Marie’s late son Benjamin. The trust includes the Graceland mansion and a 15 percent stake in Elvis Presley Enterprises, which together brought in a reported $110 million in 2022. Keough’s team will be submitting a settlement request under seal for both the Promenade Trust and a life insurance trust.
According to a source, Keough is relieved to have settled the dispute over her mom’s estate and doesn’t want any drama with her grandmother. Keough’s attorney, Justin Gold, confirmed that she would not have agreed to the settlement if she was not happy with it. The settlement has brought unity and excitement for the future, as everyone involved is happy with the outcome.
Keywords: Riley Keough, Priscilla Presley, Lisa Marie Presley, settlement, estate, trust, Graceland, Elvis Presley Enterprises.