Riley Keough to Pay Priscilla Presley, Ending Legal Battle Over Family Trust (2024)

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Riley Keough to Pay Priscilla Presley, Ending Legal Battle Over Family Trust? ›

The actress Riley Keough has agreed to provide Priscilla Presley, her grandmother and the former wife of Elvis Presley, with a lump-sum payment as part of a settlement that will resolve a dispute over control of the family trust, according to court documents made public on Tuesday.

Actress Keough, 34, became the sole trustee of her late mother's estate. Presley had filed a petition contesting the “authenticity and validity” of Lisa Marie's 2016 amendment, which removed Presley and her former business manager as co-trustees. Presley and Keough eventually reached their settlement.

A representative for Graceland has since denied this, telling Entertainment Tonight: “These reports are entirely untrue. No locks at Graceland have been changed since Lisa Marie's passing.

Keough added, "She had to develop very thick skin. She was a very powerful presence and extremely loving and extremely loyal and sort of a lioness — a fierce woman, and a really wonderful mother. I think that would be my summary because I'm her daughter.

Following her death, a judge approved her eldest child Riley Keough to become the sole heir of her estate and the new owner of Graceland, ending a legal dispute over her will that her mother had brought into question. Priscilla Presley cried while remembering her late ex-husband, Elvis Presley.

Priscilla and Riley agreed to settle the dispute in May, with Priscilla receiving a one-time sum of $1 million from the account. Lisa Marie's 14-year-old twin daughters, Finley and Harper, were named sub-trustees.

In 2014, Lisa Marie opened up about her life with her children, calling her family “just very normal” despite their fame. Lisa Marie explained that she was “very close” with Riley and her other three children and considered them best friends.

According to Radar Riley attended the memorial but was unable to step up to the stage and read the letter that she wrote for her late mother called "A Letter to My Mama" instead, her husband Ben Smith-Petersen was the person who read the kind words.

Though no members of the Presley family actively live in Graceland, Riley does have vivid memories of her past stays in her family's home, and told VF: "There were a few times that we slept there," recalling: "The tours would start in the morning, and we would hide upstairs until they were over.

Amid reports that Priscilla Presley has been locked out of Graceland in the wake of her daughter, Lisa Marie Presley's, death, reps for the former home of Elvis Presley spoke out in a statement to ET. "These reports are entirely untrue," the statement read.

What does Riley Keough call Priscilla? ›

Keough called her grandmother "a beautiful woman" who has been "a huge part of creating my grandfather's legacy and Graceland."

The choice of "Tupelo" was a nod to Elvis Presley's birthplace in Mississippi, adding a meaningful connection to the family's heritage. Additionally, the name "Storm" was a tribute to Keough's late brother, Benjamin, incorporating his middle name into their daughter's name.

After Riley's mother, Lisa Marie Presley, passed away unexpectedly in January of this year, the actress inherited Graceland, her grandfather's famous estate in Memphis, Tennessee.

In August 2023, after a series of legal proceedings regarding the custody of the estate, a Los Angeles, California, judge ruled that, as Lisa's eldest daughter and Evis Presley's granddaughter, Riley Keough would be the sole heir to the exclusive Graceland estate, which Elvis purchased for $102,500 in 1957.

Lisa Marie Presley's ex-husband has won full custody of their two win daughters following her sudden death in January. Lisa Marie Presley's ex-husband has won full custody of their two twin daughters following her sudden death in January.

Following her death, Elvis Presley's legendary Tennessee estate will be passed down to her three children, Riley, Harper, and Finley.

Presley Peace Talks End Positively

Details of the settlement include a lump-sum $1 million payment to Priscilla from her daughter Lisa Marie's life-insurance policy and a confirmed burial in Graceland as close to Priscilla's ex-husband Elvis's grave as possible without disturbing other graves.

Riley Keough's legal battle over Graceland has apparently come to an end. After a Tennessee judge temporarily blocked Naussany Investments and Private Lending on May 22 from selling the former home of Elvis Presley in a foreclosure sale, the company said it will drop its claim.

In August 2023, after a series of legal proceedings regarding the custody of the estate, a Los Angeles, California, judge ruled that, as Lisa's eldest daughter and Evis Presley's granddaughter, Riley Keough would be the sole heir to the exclusive Graceland estate, which Elvis purchased for $102,500 in 1957.

Riley Keough's Net Worth Seems Kind of Complicated Due to the Elvis Estate. Riley just inherited Graceland after her mother Lisa Marie Presley's passing.