Celebrity News May 16, 2023
Priscilla Presley & Riley Keough Reach Settlement Over Lisa Marie’s Trust
UPDATE: After the family reached an agreement, Priscilla Presley told "Extra" in a statement, "My family has resolved all confusion as it relates to our plea to the court and request for document interpretation after my daughter Lisa Marie's untimely passing. Although the media identified such a plea as a lawsuit, I want to make clear that there was never any lawsuit filed against my beloved granddaughter. As a family, we are pleased that we resolved this together. My family and I hope that everyone will grant us the privacy we have needed to properly grieve Lisa Marie and spend personal time together. We love and appreciate all of you and the Presley family is stronger than ever."
Lisa Marie Presley’s family is done battling over her trust.
People reports that her mother Priscilla Presley and eldest daughter Riley Keough reached a settlement on Tuesday in L.A.
Afterward, Priscilla’s lawyer Ronsen Shamoon told reporters, "They have reached a settlement. Families are happy. Everyone is happy. Unified and together and excited for the future."
Riley’s attorney Justin Gold also told CNN his client is “very content.”
‘Daisy Jones’ Star Riley Keough on Family’s Legacy and Her ‘Iconic’ Grandfather Elvis (Exclusive)View Story
Now, a judge wants Keogh’s side to submit a settlement request by June 12. Another hearing has been set for August 4.
After Lisa Marie, 54, tragically died in January, her mother Priscilla learned that she and Lisa Marie’s former business manager Barry Siegel had been removed as co-trustees in 2016 and been replaced by Riley and her brother Benjamin Keough. Benjamin, however, died in 2020.
People says the trust gave Riley control of Graceland and a 15 percent stake in Elvis Presley Enterprises, which the magazine says brought in around $110 million in 2022.
CNN reports, Priscilla filed a petition after Lisa Marie’s death noting that she was never informed she had been removed, which is required by the trust. She also argued that her name was misspelled, and that the amendment was never witnessed or notarized.
A friend of Lisa Marie previously told People that "there's zero question" that "Lisa wanted Riley and Ben to be the trustees" and for all of her children to be the beneficiaries.
Lisa Marie was also mom to 14-year-old twins Harper and Finley with ex-husband Michael Lockwood.
The singer attended the Golden Globes to support the movie “Elvis,” just two days before she died.
She spoke with “Extra’s” Billy Bush on the red carpet, appearing a bit unsteady, even leaning on her friend and Elvis' longtime manager Jerry Schilling, 80, for support.
For now, her cause of death has been deferred awaiting toxicology reports.