Lisa Marie Presley Trust Bombshell: Priscilla Wanted To Be Buried Next To Elvis
Priscilla Presley and Riley Keough recently reached a settlement over the Lisa Marie Presley’s trust.
PEOPLE reports that Lisa Marie’s mother and daughter came to their settlement on Tuesday (May 16).
“They have reached a settlement. Families are happy,” said Ronson Shamoun, Priscilla’s lawyer. “Everyone is happy. Unified and together and excited for the future.”
Riley’s lawyer, Justin Gold, added, “[Riley] would not have agreed to the settlement if she was not happy with it.“
PEOPLE reports the next hearing and motion for approval is scheduled to take place on August 4.
Lisa Marie’s Unexpected Death
Lisa Marie sadly passed away on January 12th following a cardiac arrest. The news was confirmed by her mother in a statement to various news outlets. Priscilla expressed her heavy heart and shared that Lisa Marie was a passionate, strong, and loving woman. The family requested privacy as they dealt with the profound loss and expressed gratitude for the love and prayers received.
Lisa Marie is survived by her three daughters: 33-year-old Riley Keough, and 14-year-old twins, Finley and Harper. It was revealed after her passing that Lisa Marie owned the Graceland mansion, the 13-acre grounds, and Elvis’ personal effects. As per PEOPLE, the property, which is held in a trust, will benefit Lisa Marie’s three daughters, Riley, Harper, and Finley.
Priscilla Files Paperwork
Shortly after her passing, Priscilla filed legal paperwork contesting an alleged change that Lisa Marie made to her will in 2016. This change removed Priscilla as a trustee of her estate. In 2010, Priscilla and Lisa Marie’s former business manager, Barry Siegel, were named co-trustees of the estate in the event of Lisa Marie’s passing. The 2016 amendment removed Priscilla and Barry and appointed Riley and Lisa Marie’s son, Benjamin Keough, as co-trustees. Unfortunately, Benjamin tragically passed away in 2020.
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According to the alleged amendment, since Benjamin’s passing, Riley would be the sole trustee. However, Priscilla’s legal filing requested a judge to determine the validity of the 2016 amendment. She argues that the document appeared inconsistent with Lisa Marie’s usual signature and raised suspicions for other reasons: the amendment was not notarized, it misspelled Priscilla’s name, and was never delivered to her, which was contrary to the terms of the 2010 arrangement. Priscilla was seeking to reinstate the 2010 trust, making herself and Barry co-trustees. She believed that Barry had either already resigned or would soon resign as a co-trustee.
The document further stated that if Barry resigns, Riley would become a co-trustee with Priscilla. Additionally, since Riley is over the age of 30, she can act as a co-trustee of her subtrust by providing written consent.
Lisa Marie Trust Settlement Bombshell
In a new report from TMZ, while battling over Lisa Marie’s trust, Priscilla had a big request: to be buried next to Elvis. Although they were the loves of each others’ lives, they did divorce four years before he passed away and he was in multiple serious relationships, and even engaged, at the time of his death. Another issue is that Elvis is buried in between his grandmother, Minnie Mae Presley, and his father, Vernon Presley.
Also buried at Graceland are his mother, Gladys Presley, Lisa Marie and Benjamin Keough.
According to TMZ, Priscilla was denied this request and she “backed down without much discussion.”