Priscilla Presley and Riley Keough Agreed to Make Keough the Sole Trustee of Lisa Marie Presley’s Estate

Riley Keough is now the only trustee of her mother, Lisa Marie Presley’s estate. This is because she and her grandma, Priscilla Presley, agreed to this. People say that Keough’s lawyers have asked the court to accept a deal between the two women in which Keough will not get paid to be the trustee of the estate. “The beneficiaries all save money that would have gone to Priscilla, who was going to charge a trustee fee,” Keough’s lawyer, Justin Gold, said.

Gold went on to say in the legal paperwork, “In settling the claims pending in Priscilla’s Petition, the parties are saving significant legal fees by avoiding litigation, and they are likewise avoiding the spectacle of intra-family litigation that would have been inimical to Lisa’s wishes and not in the best interests of the family.” As a result of the agreement, Keough will be the single trustee of her mother’s estate and the sub-trusts for her twin 14-year-old sisters, Harper and Finley Lockwood. Gold says that Keough plans to guard and invest estate money “in a manner consistent with the needs of the beneficiaries, and not influenced by the desire of a Trustee.”

Priscilla will also be the Trustee of her son Navarone Garibaldi’s sub-trust. Navarone is Lisa Marie’s half-brother. It is said that Garibaldi will get 19 of the trust. The rest of the trust will be split between Keough, her two sisters, and Priscilla, who will also get a one-time big-sum payment from the Trust. At this time, the amount is being kept secret. On May 11, Priscilla was no longer the Trustee of Lisa Marie’s assets. Since Priscilla signed a binding settlement agreement, this will continue to be the case whether Riley’s petition is accepted or not.

On Thursday, January 12, Presley had to be rushed to the hospital because he was sick. She died after a while. No one knows for sure what killed Presley. She was 54 years old when she died. In a statement about the terrible news, Presley’s mother, Priscilla Presley, said, “It is with a heavy heart that I must share the devastating news that my beautiful daughter Lisa Marie has left us. She was the most passionate, strong, and loving woman I have ever known. We ask for privacy as we try to deal with this profound loss. Thank you for the love and prayers. At this time, there will be no further comment.”