Priscilla Presley poses with Riley Keough after Lisa Marie estate feud
Priscilla Presley has finally ended all signs of a family feud after posting a photo with granddaughters Riley Keough and twins Harper and Finley Lockwood via her official Instagram on Friday.
Happy Graduation Girls! You’re in high school now!!!’ Elvis Presley’s widow snapped the group photo in honor of 14-year-old Harper and Finley’s graduation.
The happy photo comes just days after it was revealed that 34-year-old Riley had agreed to pay her grandmother Priscilla $1.4 million to take control of the family fund amid reports of a family feud.
Riley has been at odds with her grandmother Priscilla, 78, since the death of Riley’s mother Lisa Marie Presley in January, aged 54.
Lisa Marie welcomed daughter Riley and son Benjamin with ex-husband Danny Keough – to whom she was married from 1988 to 1994. Benjamin by suicide in 2020 at the age of 27.
She welcomed twin daughters Harper and Finley in 2008 with then-husband Michael Lockwood, but the couple divorced in 2016.
In a recently signed settlement, Priscilla, 78, agreed — in exchange for $1.4 million plus an undisclosed ten-year sum — to relinquish control of her late daughter’s Promenade Trust, leaving Riley, the star of TV star Davy Jones and the Six, as the sole trustee remaining. .
Family Truce! Priscilla Presley poses with her granddaughters (LR twins Harper and Finley, 14, Riley Keough, 34, and Priscilla, 78) in a social media post on Friday
This week, Priscilla filed a motion asking LA Probate Judge Lynn Scaduto to seal the financial details of the settlement and keep them secret from the public.
“The settlement agreement contains private information about my daughter’s trust that will benefit my two minor granddaughters (14-year-old Harper and Finley, Lisa Marie’s children by fourth husband Michael Lockwood, 62),” she wrote in her by DailyMail found motion. .com.
“If this information were to become public, it could jeopardize the safety of me and my family.
“This should expose me to significant danger, emotional distress, and negatively impact my physical and mental health.
“It would also expose my son (musician Navarone Garibaldi, 36) and underage granddaughters to harassment and harassment. We’ve all been through enough.’
The agreement between Priscilla and Riley settled a reported feud between the two that arose when, just two weeks after Lisa Marie’s death in January, Priscilla legalized her daughter’s will — which had taken control of her wealthy Promenade Trust from Priscilla — legally. contest. it to Riley.
Riley would be furious when her grandmother went to court to protest the will.
Priscilla, 78, has appealed to a Los Angeles judge that she has “fears for the safety of herself and her family” if the court does not seal the details of her new agreement
But in her motion to seal, Priscilla rejected the idea of a feud, saying she fired the lawyers who filed her request to contest the will.
“My January 2023 petition was misinterpreted in the press as a ‘fight’ over my beloved daughter’s Trust,” she wrote. ‘That was not the intention. The petition was submitted by a law firm that has since been dissolved.
“I have filed the petition to resolve any possible uncertainty surrounding the Promenade Trust’s interpretation.
“My daughter’s passing was both devastating and heartbreaking.
“We’ve heard that the fans are realizing that we are ‘Just A Family’. Elvis would be proud and his and Lisa’s wishes are the most important thing to all of us,” Priscilla wrote in her statement.
“We’ve heard that the fans are realizing that we are ‘Just A Family’. Elvis would be proud and his and Lisa’s wishes are the most important thing to all of us.
“My granddaughter, through her own counsel, has worked diligently and tirelessly with my team to resolve all misunderstandings as a family.”
Riley also agrees to seal the private financial arrangement she made with her grandmother — which includes paying Priscilla a certain amount (redacted in the court document) “per year for 10 years or for life” as the trust’s special advisor , plus $1 million and $300,000 – $400.00 in legal fees.
Their settlement also fulfills Priscilla’s wish to be buried at Graceland, Elvis’ home in Memphis, Tennessee.
“There is an overriding privacy interest that justifies sealing the supporting documents and statements about the terms of the money being given to Priscilla,” Riley’s attorney, Justin Gold, wrote in new court documents accessed by DailyMail.com.
“The supporting documents and petition contain financial and personal information about payments made to Priscilla to eliminate her role as fiduciary for Riley, Harper and Finley.”
Gold added, “It is requested that this court consider that Riley, Harper and Finley have not sought to bring their inheritance issues to the public forum….”
The attorney said in other legal documents that if the court approves the settlement between grandmother and granddaughter, Riley will not charge for her services as trustee.
“The beneficiaries are all saving money that would have gone to Priscilla, who would charge a trustee fee.
Riley is not only the sole trustee of Lisa Marie’s estate, but also the sub-trustee of her 14-year-old twin sisters Harper and Finley Lockwood.
“By settling the pending claims in Priscilla’s petition, the parties save significant legal costs by avoiding litigation, and also avoid the spectacle of family litigation that would be contrary to Lisa’s wishes and not in the best interest.”
Riley is not only the sole administrator of Lisa Marie’s estate, but also the sub-administrator of her twin sisters Harper and Finley Lockwood.
She plans to invest the trust money “in a manner consistent with the needs of the beneficiaries,” Gold said.
Riley – mother of a daughter with husband Ben Smith-Petersen – “still grieves for her mother” and the legal battle that ensued when Priscilla challenged Lisa Marie’s will is said to have been “very hard” on her.
She was therefore relieved and happy when she and her grandmother buried the hatchet and came to a settlement agreement.
“She wouldn’t have agreed to the settlement if she wasn’t happy with it,” her attorney Gold told DailyMail.com.
Priscilla’s attorney Ronson Shamoun told DailyMail.com that with the settlement, “the families are happy and united and together and excited for the future.”
According to the documents, Priscilla was officially released as administrator of her late daughter’s estate on May 11.
The Daisy Jones & the Six star filed paperwork earlier this week asking the court to finalize the settlement regarding her late mother’s trust, some five months after Lisa Marie’s death on Jan. 12 after multiple cardiac arrests.