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.
Riley Keough, Lisa Marie’s daughter, is the official beneficiary of the late musician’s trust.
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.”
When asked for comment, Priscilla told Pvnew in a written 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.”
However, reps and attorneys for Keough did not immediately return Pvnew’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.”
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.
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.
A friend of Lisa Marie previously told Pvnew 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.
“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 Pvnew that the Elvis Presley Enterprises co-founder and her granddaughter were not on speaking terms.
“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.
