Riley Keough ‘to be sole trustee of Lisa Marie Presley’s estate’ after Priscilla agreement
Posted June 14, 2023 by: Admin
In a heartwarming turn of events, Riley Keough, the talented star of “Daisy Jones & the Six,” has filed the necessary legal documents to become the sole trustee of her late mother, Lisa Marie Presley’s estate. This news, reported out of Los Angeles, brings a sense of unity and harmony to the Presley family.
Riley, at the age of 34, has taken the initiative to request the court’s approval of the settlement agreement that has been reached between herself, her grandmother Priscilla Presley, and Michael Lockwood, the Guardian Ad Litem for Riley’s younger siblings. This agreement aims to ensure the well-being of the family and the preservation of Lisa Marie’s legacy.
Under the agreed-upon terms, Riley will not only serve as the sole trustee of her mother’s estate but also act as the sub-trusts for her 14-year-old twin sisters, Harper and Finley Lockwood. The primary focus of Riley’s lawyer, as stated to ET Online, is to safeguard and invest the funds in a manner that aligns with the needs of the beneficiaries and without any undue influence from the trustee’s personal desires.
The court documents also reveal the existence of a life insurance policy at the time of Lisa Marie’s unfortunate passing at the age of 54 in January. This policy ensures further financial stability for the family during this challenging time.
In a demonstration of familial support and to honor Lisa Marie’s wishes, Priscilla Presley will serve as the trustee of the sub-trust for her son and Lisa Marie’s half-brother, Navarone Garibaldi. The remaining 8/9 of the Trust will be divided amongst Lisa Marie’s daughters, Riley, Finley, and Harper, reinforcing the bond between the siblings.
Furthermore, Riley has generously granted her grandmother the right to be buried at Graceland, the cherished family home where Lisa Marie grew up. The location for Priscilla’s burial will be chosen with utmost care, ensuring it is as close to Elvis Presley’s resting place as possible while respecting the sanctity of existing gravesites.
These developments bring a renewed sense of unity and harmony to the Presley family, following the unfortunate events surrounding Lisa Marie’s passing and the subsequent estate disputes. It is heartening to witness their commitment to preserving their family legacy and coming together during these challenging times.