Elvis’ Granddaughter Agrees To Pay Grandmother Massive Sum To Control Lisa Marie’s Trust

Riley Keough Priscilla Presley
Michael Kovac/Getty Images for The Humane Society Of The United State

Elvis Presley‘s granddaughter Riley Keough agreed to pay his wife Priscilla $1.4 million in exchange for control of the family trust, per a new report.

The 34-year-old Keough has been feuding with her grandmother following the unexpected death of Elvis’ daughter Lisa Marie in January. Lisa Marie suffered multiple cardiac events before passing away at the age of 54.

Keough and Priscilla reached a deal in May, which was originally kept secret, but People obtained a copy of a document filed Monday explaining that Elvis’s granddaughter paid Priscilla $1 million in exchange for control of Lisa Marie’s multi-million dollar estate. Keough also paid $400,000 for her grandmother’s legal fees.

“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,” Keough’s lawyer Justin Gold wrote in part.

Priscilla confirmed in a statement to the New York Post that she never sued Keough.

“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,” she told the outlet. “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,” Priscilla continued. “We love and appreciate all of you and the Presley family is stronger than ever.”

A source told People that Keough “doesn’t want any drama with her grandmother” and was happy to reach a mutually agreeable conclusion. Priscilla previously filed a challenge to her daughter’s will just two weeks after her death. 

“Riley is relieved to have settled the dispute over her mom’s estate,” the source added.

“She wants to focus on making memories with her own daughter now. This is her priority,” the insider said of Keough’s future plans. She shares a young daughter with her Australian stuntman husband Ben Smith-Petersen.

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