Lisa Marie Presley remembered at Graceland Memorial service.
The daughter of Lisa Marie Presley, Riley Keough, has been named the sole trustee of her late mother’s estate, as stated in court documents obtained by USA TODAY. Riley reached a settlement with her grandmother, Priscilla Presley, and Lisa Marie’s ex-husband, Michael Lockwood, regarding the estate and the custody of Riley’s younger half-siblings. The estate’s distribution plan specifies that Priscilla will be buried at Graceland, close to Elvis Presley, her former husband.
After Lisa Marie’s death, Priscilla contested Riley’s oversight of the estate, but the dispute has been resolved. Priscilla confirmed that the confusion had been resolved and emphasized that there was no lawsuit against Riley. The settlement designates Riley as the sole trustee of Lisa Marie’s estate and the sub-trusts for her sisters, while Priscilla will act as the trustee for her son, Navarone Garibaldi. Riley will also become the owner of Graceland.
As part of the settlement, Riley will compensate Priscilla with a lump sum and legal fee reimbursement, and Priscilla will serve as a “Special Advisor to the Trust” with monthly compensation. The exact value of Lisa Marie’s estate remains unclear, as a lawsuit in 2018 claimed that the assets were worth over $100 million, although most of it had been depleted. The estate includes ownership of Graceland and a 15% stake in Elvis Presley Enterprises.
In summary, Riley Keough has been appointed as the sole trustee of her late mother Lisa Marie Presley’s estate, including Graceland. A settlement has been reached with Priscilla Presley, resolving the dispute over the estate’s oversight. The distribution plan designates Riley as the owner of Graceland and outlines the division of assets among Lisa Marie’s family members. The exact value of the estate remains unknown, but it includes ownership of Graceland and a stake in Elvis Presley Enterprises.
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