Summary:
- Riley Keough named sole trustee of Lisa Marie Presley's estate
- Settlement reached with Priscilla Presley and guardian of half sisters
- Priscilla Presley to serve as special advisor to the trust with a monthly payment
- Priscilla Presley allowed to be buried at Graceland, which is owned by Riley Keough
Elvis Presley's granddaughter Riley Keough has been named the sole trustee of the estate of her late mother Lisa Marie Presley. The appointment was approved yesterday. It came after Keough reached a settlement with her grandmother Priscilla Presley and with the guardian of her two half sisters. Priscilla Presley will be a special advisor to the trust and receive a monthly payment for her role. She will also be allowed to be buried at Graceland in Memphis, which Keough now owns.
Appointment of Riley Keough as Sole Trustee
Elvis Presley's granddaughter, Riley Keough, has been appointed as the sole trustee of her late mother Lisa Marie Presley's estate. This decision was made official yesterday and signifies a significant role for Keough in managing her mother's assets.Settlement with Priscilla Presley and Guardian
Before the appointment, Riley Keough reached a settlement with her grandmother, Priscilla Presley, and the guardian responsible for her two half sisters. The agreement paved the way for Keough to become the sole trustee and take charge of her mother's estate.Priscilla Presley's Role
Despite not being the sole trustee, Priscilla Presley will still play a crucial role in the estate's affairs. She will act as a special advisor to the trust, offering her guidance and expertise. Additionally, Presley will receive a monthly payment for her advisory role.Graceland Burial Rights
Riley Keough's ownership of Graceland in Memphis comes with a unique privilege. Priscilla Presley will have the honor of being buried at the iconic estate alongside her late ex-husband, Elvis Presley. This arrangement symbolizes the continued connection between the Presley family and the historic estate.Hello, I'm Mark Brown. Get more great ABC7 content by clicking the subscribe button for our YouTube channel and download the ABC7 Los Angeles streaming app on Fire TV, Android TV, Apple TV, and Roku to watch on your TV.