Riley Keough, the eldest of quatern grandchildren of Elvis Presley, was named the resole legal guardian of the demesne of her late mother, Lisa Marie Presley. The appointment, proclaimed on Sunday, officially settles a sound contravention between Keough and her grandmother, Priscilla Presley, who married Elvis in 1967 but divorced him iv years before his 1977 death.
The naming — approved by LA Superior Court Judge Lynn Healey Scaduto on Fri — makes Keough, 34, the resole heritor to her belatedly mother’s estate, which a Presley executive director told Rolling Stone mag inward 2020 was worth between $400 and $500 million.
It also makes her the new possessor of Graceland, Elvis’ former manse inward Memphis, Tenn., which Lisa Marie inherited upon her famous father’s last in 1977.
Lisa Marie, the only if kid of the later(a) careen legend, was the fillet of sole donee of a trustfulness that included the Graceland and 15% of the lucrative Elvis Elvis Presley Enterprises. In 1993, she prescribed her overprotect and and so business sector manager, Barry Siegel, as co-trustees.
Suspicious Mind
A few weeks after Lisa Marie died of a sudden in Jan at eld 54, from what was later set to follow a small bowel impedimenta caused past bariatric surgery, Priscilla filed a petition disputing a 2016 amendment to her daughter’s will. That amendment removed her and Siegel as trustees of the landed estate and replacing them with Lisa Marie’s IV children: Riley; her 14-year-old twin half-sisters Harper and Finely Lockwood; and Benjamin Keough, who died by felo-de-se at eld 27 in 2020.
Priscilla’s attorneys claimed she only if became aware of the amendment after her daughter’s death. They argued that the amendment was ne'er delivered to their client during Lisa Marie’s lifetime. And they argued that the amendment misspelled Priscilla’s name, wasn’t witnessed or notarized, and that “Lisa Marie’s signature tune appears inconsistent with her usual and customary signature.”
In May, Riley, Priscilla, and Michael Lockwood — Harper and Finley’s father and Lisa Marie’s 4th married man before they divorced — in private settled their dispute, declining to reveal the specific details.
Priscilla will serve as special adviser to what is now her granddaughter’s estate, receiving a monthly stipend for her role. She testament also be allowed to follow interred at Graceland.
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