Elvis Presley’s granddaughter Riley Keough has been named sole trustee of the household property and now owns Graceland after a combat together with her grandmother Priscilla.
The nomination was permitted earlier immediately at a listening to earlier than Los Angeles Supreme Court Justice Lynn Healey Scaduto. Deadline reported.
Her grandmother Priscilla Presley filed a petition in January to problem the validity of her late daughter Lisa Marie Presley’s will
The two have been at odds since Lisa Marie’s loss of life in January this 12 months on the age of 54.
The authorized course of challenged a 2016 modification to Lisa Marie’s will that excluded Priscilla as administrator of the property.
Riley Keough speaks onstage throughout Deadline Contenders Television at Directors Guild Of America on April 15, 2023
Riley Keough, Lisa Marie Presley and Priscilla Presley at a particular screening of ELVIS, Memphis, TN, June 11, 2022
The Presley household property is now owned by Keough, the granddaughter of Elvis Presley
Lawyers for Priscilla stated she was not conscious of the change till after her daughter’s loss of life.
The modification eliminated Priscilla and Lisa Marie’s former enterprise supervisor Barry Siegel, changing them with Lisa Marie’s kids Riley and Benjamin Keough.
Benjamin died in 2020 after capturing himself on the household mansion, based on sources who revealed he was going by way of a tough time on the time.
Keough reached an settlement together with her grandmother in June of this 12 months, agreeing to pay her $1.4 million.
She will now chair the sub-trusts for her half-sisters Harper and Finley Lockwood, daughters of Lisa Marie’s fourth husband Michael Lockwood.
For her position, Priscilla Presley can be a particular advisor to the trusts and can obtain a month-to-month price for her position.
Priscilla might also be buried in Graceland, Elvis Presley’s dwelling in Memphis, which Keough will now personal.
The final recognized photograph of Lisa Marie was taken simply days earlier than she died on the eightieth Annual Golden Globe Awards
Priscilla might also be buried in Graceland, Elvis Presley’s dwelling in Memphis, which Keough now owns
Keough’s lawyer had beforehand stated she would make investments the cash “in a manner consistent with the needs of the beneficiaries and unaffected by a trustee’s wishes.”
The entire vindictive authorized battle got here after the loss of life of Lisa Marie, who handed away out of the blue on the age of 54 at her dwelling in Calabasas.
Sources near Keough beforehand instructed DailyMail.com that she was “still grieving” the lack of her mom and was indignant when her grandmother challenged the need legally.
When the authorized battle between Keough and Priscilla broke out, Keough hoped they might settle shortly,” the supply stated.
The supply stated the stress with Priscilla was “very hard for” Keough, who’s mom to a child woman with husband Ben Smith-Petersen.
Keough all the time supported her mom by way of her prolonged, usually vexing divorce and custody disputes together with her fourth husband, musician Michael Lockwood, 62, father of Lisa Marie’s twin, 14-year-old daughters, Finley and Harper.
Finley Lockwood, Lisa Marie Presley, Priscilla Presley, Riley Keough and Harper Lockwood Three Generations of Presley’s Hand and Footprint Ceremony, Los Angeles, California, June 21, 2022
Lisa Marie Presley poses for her first {photograph}, within the lap of her mom, Priscilla, on February 5, 1968, together with her father, Elvis Presley
It has been reported that Priscilla and Lisa Marie “barely spoke” simply earlier than the latter’s loss of life after Priscilla sided with Lockwood over custody of the twins.
Multiple sources instructed People that the mom and daughter couldn’t converse to one another regardless of showing at a number of occasions collectively, together with the premiere of the Elvis biopic starring Austin Butler.
“Riley was always on her mother’s side when it came to Michael (Lockwood),” a supply instructed the journal. “It bothered her that her grandmother and Michael flew to (Lisa Marie’s) funeral together.”