Riley Keough — the daughter of the late Lisa Marie Presley — has been named sole trustee of her mom’s estate after a legal battle with her grandmother, according to reports.
The move was approved by Los Angeles Superior Court Judge Lynn Healey Scaduto during a hearing on Friday, Deadline reported.
Priscilla Presley, the ex-wife of Elvis Presley and Lisa Marie’s mother, had challenged the validity of her late daughterâs will in a petition filed in Los Angeles earlier this year.
Riley’s grandmother claimed Lisa Marieâs signature on a 2016 amendment appeared âinconsistent.â The amendment had reportedly removed Priscilla and Lisa Marieâs former business manager, Barry Siegel, as co-trustees and replaced them with Lisa Marieâs eldest children â Riley and Benjamin Keough.
Benjamin committed suicide in 2020.
Riley, 34, had earlier reached a settlement agreement over Lisa Marieâs trust with Priscilla and Michael Lockwood â Lisa Marie’s ex-husband and father of 14-year-old twins Harper and Finley Lockwood.
Priscilla and Riley were reportedly not talking during the tense legal feud.
Riley will preside over her half-sistersâ sub trusts, according to Deadline. Priscilla, 77, will be a special adviser to the trust and will be paid monthly for her role.
Keough was also named owner of her grandfatherâs famous Graceland estate in Tennessee. Priscilla will be allowed to be buried there as part of the agreement.
Lisa Marie, who was Elvisâ only child, died at age 54 on Jan. 12 after suffering from cardiac arrest. She was laid to rest next to her son Benjamin as well as her late father at Graceland.
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