All eyes and ears have been on Elvis Presley’s family since the late singer made it big back in 1954 with his first hit, “That’s All Right.” After his death in 1977, music fans in Florida and around the world have continued to follow news about the Presley family. In recent months, the central topic has been litigation regarding estate issues involving Priscilla Presley (Elvis’s first wife) and her granddaughter, Riley Keough, who were attempting to resolve questions regarding the last will and testament of Keough’s mother (Elvis’s daughter) Lisa Marie Presley.
Lisa Marie Presley was the sole heir to her father’s estate. Her mother and daughter were, at one point, each named as trustees of a trust fund holding most of the assets of the estate. An amendment to the trust later removed her mother’s name.
Keough agreed to resolve estate issues by paying a lump sum
Lisa Marie’s daughter has agreed to settle the legal dispute out of court. She will give her grandmother a lump sum of $1 million. Hundreds of thousands in court costs will also be paid to cover Priscilla Presley’s legal expenses. While the press has reported the story as if there was growing contention between the two women, both have since said that their relationship is happy and anything stating otherwise is just fabricated gossip.
If anyone in Florida is facing similar legal disputes over estate issues, it is always best to discuss such matters in a confidential setting. Like Priscilla Presley and her granddaughter, it may be possible to negotiate terms of agreement without becoming entangled in a long, drawn-out legal battle in court. A probate and estate administration attorney is a great asset to have at such times.