In a dramatic turn of events that has captivated fans of the iconic Presley dynasty, a bitter and very public legal war over the estate of the late Lisa Marie Presley has been abruptly called off.
Priscilla Presley, the 78-year-old matriarch, and her granddaughter, actress Riley Keough, have released a surprising joint statement confirming a secret settlement has been reached. This brings a sudden end to a feud that threatened to tear the famous family apart.
At The Heart of The Feud: Control of a Fortune
The dispute erupted following the tragic death of Lisa Marie Presley in January 2023. The core of the conflict was a 2016 amendment to Lisa Marie's living trust that abruptly removed Priscilla and a former business manager as trustees.
This amendment instead placed Riley Keough, Lisa Marie's eldest daughter, and her late brother, Benjamin Keough, in full control of the estate's assets. Benjamin tragically took his own life in 2020.
Priscilla's legal team challenged the amendment's validity in court, citing issues around the authentication of Lisa Marie's signature and a alleged failure to properly notify her of the changes. This legal challenge set the stage for a protracted and painful court battle.
A Sudden "Unified" Resolution
Just as the case seemed headed for a contentious courtroom showdown, the two sides announced an unexpected truce. Their joint statement declared the matter had been resolved, with all parties officially unified.
"All parties would like to put this behind them and move forward," the statement read, signalling a desire for privacy and family healing after months of airing their grievances in legal documents.
While the precise financial details of the settlement remain shrouded in secrecy, it is believed to involve the vast fortune tied to Lisa Marie's inheritance. This includes her father Elvis Presley's legendary Graceland mansion in Memphis, her substantial ownership stake in the Elvis Presley Enterprises brand, and other lucrative assets.
A Legacy Protected, For Now
The resolution ensures that the immense legacy of the King of Rock 'n' Roll remains protected within the family. The public nature of the dispute had caused significant distress among Elvis fans worldwide, who hold Graceland as a sacred monument to his memory.
With this private agreement, Priscilla Presley and Riley Keough have chosen family unity over a damaging public fight, finally allowing them to grieve the devastating loss of Lisa Marie without the shadow of litigation hanging over them.
