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BUZZ: Riley Keough will pay Priscilla Presley $1M in trust settlement, plus $400K for legal fees: report

BUZZ: Riley Keough will pay Priscilla Presley $1M in trust settlement, plus $400K for legal fees: report

Riley Keough reportedly agreed to give her grandmother, Priscilla Presley, over $1 million in order to become the sole trustee of mother Lisa Marie Presley’s estate.

According to court documents obtained by People, the “Daisy Jones & The Six” star will be giving Priscilla a $1 million lump-sum payment in addition to another $400,000 to cover her legal fees.

The documents, which were filed in Los Angeles on Monday, allegedly state that the hefty payouts will happen “at the same time” after Riley, 34, receives “the proceeds of her mother’s life-insurance policy.”

The filing indicates that Priscilla, 78, was officially removed as trustee of her late daughter’s estate on May 11, after she and Keough agreed the latter would take over as the official beneficiary.

Priscilla Presley and Riley Keough
Riley Keough will reportedly be paying Priscilla Presley $1.4 million in total to settle their dispute over Lisa Marie Presley’s trust.

At the time, both parties agreed to keep the settlement details confidential, redacting nearly all mentions of their agreed-upon payout in the filings — except for one near the end of the 95-page document.

Although Priscilla received a big payday from the settlement, she was reportedly denied her request to be buried next to her late husband, Elvis Presley during negotiation talks.

Reps for Priscilla and Keough did not immediately respond to Page Six’s request for comment.

Riley Keough.
Per documents obtained by People, the money will be paid after Keough receives her mother’s life insurance policy.
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Priscilla and Elvis Presley.
During negotiations, Priscilla was reportedly denied her request to be buried next to Elvis Presley.
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Following news of their settlement, Priscilla told Page Six in a written statement, “My family has resolved all confusion as it relates to our plea to the court and request for document interpretation after my daughter Lisa Marie’s untimely passing. 

“Although the media identified such a plea as a lawsuit, I want to make clear that there was never any lawsuit filed against my beloved granddaughter. As a family, we are pleased that we resolved this together. My family and I hope that everyone will grant us the privacy we have needed to properly grieve Lisa Marie and spend personal time together. We love and appreciate all of you and the Presley family is stronger than ever.”

Meanwhile, Keough’s lawyer, Justin Gold, told CNN that his client was “very content” with their agreement.

Priscilla Presley
The settlement came four months after Presley called into question the “validity” of her late daughter’s will.
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Harper Vivienne Ann Lockwood, Lisa Marie Presley, Priscilla Presley, Riley Keough, and Finley Aaron Love Lockwood at the Elvis premiere.
Sources told Page Six that the legal battle put a lot of strain on the family dynamic.
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The two women went head to head in January after Priscilla contested her late daughter’s will, suggesting that there were errors in its “authenticity and validity.”

Specifically, she wanted to challenge a “purported 2016 amendment” to the will, which ousted her as a trustee and made the actress, and Benjamin Keough — the late son of Lisa Marie — co-trustees.

While Riley kept mum on the shocking claims, a friend of Lisa Marie told Page Six that Priscilla’s efforts were nothing but a “money grab.”

For more Page Six you love …

Riley Keough and Lisa Marie Presley.
Lisa Marie died in January after suffering from cardiac arrest.
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The legal drama led to an alleged rift between the family, with sources telling Page Six that the two women were not on speaking terms.

“Riley and Priscilla are not talking,” the insider insisted. “Their relationship is changing, that is true. … It’s just so sad. This is the time Riley would really need her grandmother.”

Lisa Marie died on Jan. 12 after going into cardiac arrest. She was 54.


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