Priscilla Presley has resolved the legal dispute surrounding her late daughter Lisa Marie Presley's estate, bringing an end to a highly publicised court battle. The settlement, approved by the Los Angeles Superior Court, ensures that the Presley family avoids a prolonged and potentially divisive legal fight.
Details of the Settlement
The agreement, which was finalised earlier this week, addresses the distribution of Lisa Marie's assets, including her share of Elvis Presley's Graceland estate. Priscilla, who initially contested amendments to Lisa Marie's trust, has now withdrawn her legal challenge.
Family Reactions
Lisa Marie's eldest daughter, Riley Keough, who was named sole trustee in the amended documents, has reportedly welcomed the resolution. The settlement ensures that the estate will be managed in accordance with Lisa Marie's final wishes, preserving the legacy of the Presley family.
Background of the Dispute
The legal battle began earlier this year after Lisa Marie's sudden passing in January. Priscilla raised concerns over the validity of a 2016 amendment to her daughter's trust, which removed her as a co-trustee and replaced her with Riley Keough and Lisa Marie's former business manager.
With the settlement now in place, the family can focus on honouring Lisa Marie's memory without the strain of ongoing litigation. The case had drawn significant media attention, given the iconic status of the Presley name.
