Her mother, Priscilla Presley, and her eldest daughter, Riley Keough, had a contentious relationship in the past, but once Lisa Marie Presley passed away, her family was able to put the past behind them and go on with their lives. The problems began with Lisa Marie’s trust, as well as the question of who would be in control.

Following a lengthy legal wrangling on both sides, the opposing parties finally agreed to a ceasefire. In May of 2023, Riley and Priscilla came to an understanding about something. Riley made the decision to put in the paperwork to become the sole trustee of her late mother’s famed estate, Graceland, as was required under the agreement.

On January 12, 2023, the unfortunate passing of Lisa Marie Presley, Elvis Presley’s daughter, was mourned across the entertainment industry. According to TMZ, the late celebrity, who was also a singer in her own right, was declared dead at the hospital after suffering a heart attack. Her family made headlines in the press for a disagreement over her trust some weeks after she was ultimately laid to rest at her Graceland Estate property.

The conflict arose between her mother Priscilla and her daughter Riley when Priscilla discovered that Riley had been appointed to the role of trustee in her place. Documents pertaining to the trust indicate that Lisa Marie made changes to her trust in May of 2016, removing her mother and her previous manager, Barry Siegel, from their roles as co-trustees. Instead of their names, Lisa Marie gave her children the names Riley and Benjamin Keough, after her late husband.

Priscilla, on the other hand, was taken aback by the revision since she disagreed with its contents. She said that the updated papers had a number of problems that needed to be fixed. In the end, it is stated that she and Riley stopped talking to one other and instead spoke via their lawyers. The modified trust that belonged to the late heiress stipulated, among other things, that Riley and Benjamin would serve as the sole trustees of Graceland and have a nine percent share in Elvis Presley Enterprise (EPE).

At this point, the case has been resolved, and a court has appointed Riley as the sole trustee of the estate that her late mother left behind.

The contributions made by insiders throughout the heated exchange between Priscilla’s challenge and Riley’s position reveal how the trust was ultimately named. The perspective of Joel Weinshanker, a managing partner of EPE, was presented about Elvis Radio. Weinshanker divulged the information that the late King of Rock ‘n’ Roll had everything left to “his little girl.”

According to Weinshanker, Elvis was aware that Lisa Marie would be the one to carry on his legacy when he passed away. He went on to say that his daughter was a devout Christian who always looked out for what was in her own best interest, even after she had passed away. The corporate executive went on to say that Lisa Marie ultimately bequeathed it to her daughter Riley because she was certain that Riley would carry on the family company.

Lisa Marie Presley was the only child to be born to Elvis and Priscilla Presley. She was born on February 1, 1968. In 1977, when she was just nine years old, her father passed away. As a result, she became a co-trustee of Elvis’s estate, along with her great-grandmother and her grandpa. On the other hand, with the deaths of the more senior Presley family members, she was left as the only trustee.

During her lifespan, Lisa Marie had two marriages, which resulted in the birth of four children. Her marriage to Danny Keough produced two adult children: Riley Keough and Benjamin Keough, who passed away in infancy. Together with her ex-husband, Michael Lockwood, she gave birth to her two youngest children, a set of identical twin daughters named Harper and Finley Lockwood. In the wake of her passing, Lockwood was appointed to the role of guardian ad litem for the twins while Priscilla fought against the modified trust.

Due to the fact that Riley was the only trustee listed who was still alive, all eyes were on her. Outside of the shadow cast by the historical heritage of her family, Riley is forging a vital position for herself in the entertainment industry. She is an experienced actress who is well-known for her performances in cinematic productions such as “Zola,” “Mad Max: Fury Road,” and “Daisy Jones & The Six.”

In 2015, Riley wed Ben Smith-Petersen, a stunt performer, exactly one year after the two of them first met on the set of “Mad Max.” Early in the year 2023, the couple became parents to a kid. During the time that she was embroiled in the conflict with her grandma, Riley drew strength from the support of her family.

However, she and Priscilla were able to strike a settlement agreement, which brought the problem with her mother’s trust much closer to being resolved. According to the terms of the arrangement, Riley would continue to act as her mother’s sole trustee while simultaneously taking on the role of sub-trustee for her three younger sisters. In contrast to the provisions of her grandmother’s will, Riley won’t be charging any trustee fees, according to her attorney, Justin Gold. This indicates that Priscilla would have requested compensation for her services as a trustee.

It was also claimed in the petition that Riley will continue to be dedicated to protecting the money and investing it “in a manner consistent with the needs of the beneficiaries, and not influenced by the desire of a Trustee.” The matriarch was designated as the sub-trust for Priscilla’s son and Lisa Marie’s stepbrother, Navarone Garibaldi, who received 1/19 of the trust. Navarone is also Lisa Marie’s stepfather.

A one-time payment of an amount that has not been revealed to her would also come from Riley. Priscilla was also given the post of Special Advisor to the Trust, and Riley has agreed to pay her on a monthly basis for her work in this capacity. The actress will have exclusive power over Graceland, and because of her position, Priscilla will be able to be buried in the Meditation Garden after she passes away.

Priscilla sent a statement to Entertainment Tonight in which she refuted rumors that she and her granddaughter had a falling out when the news of the settlement became public. She referred to the circumstance as “a plea to the court and request for documentation interpretation” following the death of her daughter. She said that everything was addressed, despite the fact that there was never a case filed.

The legal dispute was finally resolved on August 4, 2023, when a court appointed Riley as the only trustee of Lisa Marie’s trust. This brought an end to the ordeal. In accordance with the agreement that was reached with Priscilla, Riley would serve as the trustee of the sub-trusts for both of her sisters, Harper and Finley. Priscilla would, in fact, be in charge of the one-ninth portion of the sub-trust that was established for Garibaldi, while the other eight-nineths would be split among Riley, Harper, and Finley.

Priscilla was also given the title of “Special Advisor to the Trust,” which earned her a one-time, lump sum payment of an unknown amount in addition to a monthly payment from Riley, also of an undisclosed amount. Riley also paid her an undisclosed amount each month.

As a result of the situation, Riley is now in charge of all affairs pertaining to Graceland. In this regard, she has given Priscilla permission to remove any of her personal possessions that are still stored on the property or in storage containers that are managed by it. The agreement states that the precise position of Priscilla Presley’s interment “will be at the location closest to Elvis Presley without moving any existing gravesite.” Riley will also make sure that, “to the extent of her authority,” Priscilla is buried at Graceland’s Meditation Garden upon her demise. The location of her tomb “will be at the location closest to Elvis Presley without moving any existing gravesite.”

Priscilla was reportedly going to get a “impressive settlement” if she agreed to cease her legal pursuit, as reported by TMZ. However, she did have one request that was first disregarded, and that was her want to be buried at Graceland close to Elvis, despite the fact that the couple had divorced in 1973.

It’s possible that the location of the graves of those who have already been laid to rest at Graceland had a role in the decision to turn down her request for a burial plot there. Since Elvis’s cemetery is flanked by the graves of his father, Vernon Presley, and grandmother, Minnie May Presley, Priscilla’s request to have one of the graves relocated would have necessitated the removal of the other one of the Presleys’ loved ones. at addition to Elvis, Gladys Presley, Lisa Marie, and Benjamin, all of Lisa Marie’s family members were put to rest at the Meditation Garden.