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NY Post
Page Six
16 May 2023


NextImg:Priscilla Presley getting ‘millions’ in Lisa Marie trust settlement: report

Priscilla Presley has settled the dispute over her late daughter Lisa Marie Presley’s trust — and is reportedly walking away with a hefty sum of money.

“The parties would like to report that they’ve reached a settlement,” attorney Ronson J. Shamoun, who represents Elvis Presley’s ex-wife, said Tuesday at a court hearing in Los Angeles.

While the details of the agreement were not disclosed in court — and both parties plan to file a motion to seal the settlement — TMZ reported that Priscilla was awarded “millions.”

Reps and attorneys for both Priscilla and her granddaughter Riley Keough, who is the official beneficiary of Lisa Marie’s Promenade Trust, did not immediately return Page Six’s requests for comment or confirmation on the amount.

However, Shamoun told reporters outside court, “The families are happy. Everyone is happy, unified, together and excited for the future.”

Priscilla reportedly got “millions” of dollars in the settlement agreement for her late daughter’s trust.
Steve Cohn/Shutterstock

Keough’s lawyer Justin Gold reiterated to CNN that his client is “very content.”

The judge asked for the settlement and the motion to seal to be filed by June 12 and set another hearing in the case for Aug. 4.

The resolution comes after months of alleged familial tensions behind closed doors.

Priscilla Presley and Elvis Presley holding a baby Lisa Marie Presley.

Lisa Marie was Priscilla’s only daughter with rock icon Elvis Presley.
Michael Ochs Archives

In January, Priscilla, 77, contested her late daughter’s will, claiming that a “purported 2016 amendment,” which ousted her and business manager Barry Siegel as trustees, was not legitimate.

The businesswoman argued at the time that Lisa Marie’s signature appeared “inconsistent with her usual and customary signature” and that the “Lights Out” singer’s name had even been misspelled.

Riley, 33, and her brother, Benjamin Keough, were named as beneficiaries of the trust, but the latter died by suicide in July 2020, leaving the “Daisy Jones & The Six” star as the sole living heir.

Priscilla Presley and Lisa Marie Presley posing together.

Priscilla contested her late daughter’s will just days after the “Lights Out” singer died.
WireImage

A friend of Lisa Marie previously told Page Six that Priscilla’s efforts were a “money grab.”

However, Priscilla claimed to us that she was doing her best to keep their family “together.”

“From the first moment I held Lisa in my arms, I’ve protected, loved and guided her, as I have my son,” she added in February.

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“Our hearts are broken, and I am having to learn to live without my only daughter.”

Despite Priscilla’s vow of unity, a source later told Page Six that the Elvis Presley Enterprises co-founder and her granddaughter were not on speaking terms.

Lisa Marie Presley and Priscilla Presley together.

Insiders previously questioned Priscilla’s motives for contesting Lisa Marie’s will.
AFP via Getty Images

“Riley and Priscilla are not talking,” the insider insisted. “Their relationship is changing, that is true. … It’s just so sad. This is the time Riley would really need her grandmother.”

Lisa Marie died on Jan. 12 after going into cardiac arrest. She was 54.

Aside from Riley, the singer-songwriter is survived by her 14-year-old twin daughters, Vivienne and Finley, who are now in the custody of their father, Michael Lockwood.