Riley Keough, the grandchild of Elvis Presley, today was named the sole trustee of the estate of her late mother, Lisa Marie Presley.
The appointment was approved during a hearing Friday before Los Angeles Superior Court Judge Lynn Healey Scaduto.
Priscilla Presley had filed a petition to challenge the validity of her late daughter Lisa Marie’s will in January. The legal action disputed a 2016 amendment to Lisa Marie’s will that excised Priscilla as trustee of the estate. Priscilla Presley’s attorneys said she only became aware of the “purported 2016 amendment” after Lisa Marie’s death. Lawyers also contend the amendment was never delivered to their client during Lisa Marie’s lifetime
The amendment removes Priscilla and Lisa Marie’s former business manager, Barry Siegel, as co-trustees and replaces them with Lisa Marie’s eldest children Riley and Benjamin Keough. The latter died in 2020.
The Daisy Jones & the Six star filed a 73-page petition on June 12 in support of her bid for the appointment to head what the family has dubbed the Promenade Trust. Keough had earlier reached a settlement agreement with Priscilla Presley and Michael Lockwood, the guardian ad litem for her two younger half-siblings, 14-year-old twins Harper and Finley Lockwood. Lockwood was Lisa Marie’s fourth husband before they divorced.
The 34-year-old Keough, whose real name is Danielle Riley Keough, also will preside over the sub-trusts for her half-sisters. Priscilla Presley will be a special adviser to the trust and receive a monthly payment for her role. Priscilla Presley also will be allowed to be buried at Graceland, the Memphis, Tennessee former home of Elvis Presley, which Keough will now own.
Lisa Marie Presley died Jan. 12 at age 54. She had been hospitalized after suffering cardiac arrest at her Los Angeles residence. The autopsy report attributed her death to “adhesions (or, scar tissue) that developed after bariatric surgery years ago. This is a known long term complication of this type of surgery.”
City News Service contributed to this report.
Content Source: deadline.com