The dispute over the late Lisa Marie Presley’s property has been settled. The household battle arose after a 2016 modification to Lisa Marie Presley’s dwelling belief was found that purportedly eliminated her mother, Priscilla Presley and Barry Siegel, a former enterprise supervisor, as trustees and changed them with Lisa Marie’s two oldest kids, Riley Keough and Benjamin Keough.
Priscilla’s court docket submitting had raised points in regards to the modification’s validity, together with a misspelling of her identify, a suspicious wanting signature and failure to place the present trustees on discover of the change, in addition to no witnesses or notarization of the doc. In a press release to USA Right this moment, Priscilla mentioned the household was happy to achieve a decision and reiterated that her authentic submitting wasn’t a lawsuit in opposition to her granddaughter Riley (Benjamin handed away in 2020).
In response to attorneys concerned with the matter, a second belief, which is the beneficiary of a giant life insurance coverage coverage, was additionally a part of the settlement. The phrases of the settlement haven’t been made public and are pending court docket approval. The one tidbit of insider info, in accordance with the Los Angeles Occasions, is that based mostly on Priscilla’s submitting, she believed Siegel would resign as co-trustee, establishing Riley as co-trustee alongside her. (TMZ has additionally reported that Priscilla’s request to be buried subsequent to Elvis was denied and that Lisa Marie’s property allegedly paid her hundreds of thousands to settle.) The decision of the matter ought to finish any uncertainty over who will management Lisa Marie’s will, in addition to the legacy of the Graceland Mansion and lots of of Elvis’ private possessions.
Incentive to Settle?
The settlement on this case was reached moderately rapidly and earlier than court docket involvement. In response to Benazeer “Benny” Roshan, Chair of Greenberg Glusker’s Belief and Probate Litigation Group in Los Angeles, “Squashing a household squabble early on needs to be the aim for any household.” When a household is legendary and within the public eye, such because the Presleys, resolving household battle with out airing an excessive amount of soiled laundry turns into much more prudent. “The way wherein the settlement was reached and introduced (and phrases stored confidential) was each elegant and skilled. To cite Elvis: ‘I am unable to assist falling in love’ with how this matter was delivered to a conclusion,” Roshan added.
Though sustaining privateness from the prying public eye was doubtless a giant cause, one other potential cause for the speedy settlement “could have been evidentiary points for Priscilla Presley and a possible want for Riley Keough to face her floor,” defined Roshan. She went on the emphasize that the events concerned needs to be recommended for reaching a settlement and says the settlement is “an instance of what occurs when a household makes use of love as a basis for resolving a dispute.”
