Priscilla Presley and her granddaughter Riley Keough, after months of being embroiled in a legal battle over the late Lisa Marie Presley's estate, have finally come to an agreement over her will.
The two Presley women had been at odds over Lisa Marie's estate since her funeral at Graceland on January 22nd; Priscilla then contested an amendment the star made to her will in 2016 which made Riley, as opposed to her grandmother and Lisa Marie's former business manager Barry Siegel, the sole trustee of The Promenade Trust.
Priscilla and Barry had been co-trustees since 2010, but in 2016, they were removed in favor of Riley and her late brother Benjamin Keough – who died by suicide at age 27 in 2020 – a decision Priscilla has previously stated she was not aware of.
MORE: Priscilla Presley and Riley Keough's legal battle isn't the only Presley feud – a look back
Now, during a court hearing in Los Angeles on Tuesday, Prisiclla's attorney Ronson J. Shamoun told Judge Lynn Scaduto: "The parties would like to report that they've reached a settlement."
Details of the settlement were not disclosed, and the attorneys for both of the parties said they plan to file a motion to seal the settlement agreement. Per CNN: "The judge asked for the settlement and the motion to seal to be filed by June 12 and set another hearing in the case for August 4."
Outside of the courthouse, CNN reports Priscilla's attorney said: "Everyone is happy, unified, together and excited for the future," and Justin Gold, Riley's attorney, told the outlet "she is very content."
Lisa Marie was the only daughter of the late King of Rock, and Graceland – the home that he bought in 1957 for $100,000 at age 22, and that today generates millions of dollars per year in revenue – is included in her estate.
Also at stake was a 15 percent stake in Elvis Presley Enterprises, which since 2016 was meant to go to Riley, and also contributes to the millions of dollars the Presley estate generates each year.
Since 2013, Authentic, formerly Authentic Brands Group, has owned the rights to Elvis, and though Lisa Marie remained owner of Graceland until her death, the deal called for new management of the property at the time.
Riley never spoke of the legal battle publicly, though Priscilla did clarify some rumors in few instances. When news first broke of her decision to contest the 2016 amendment, she told People on February 3rd she planned to move forward with "integrity and love." She further said: "I loved Elvis very much, as he loved me. Lisa is a result of our love," adding: "For anyone to think anything differently would be a travesty of the family legacy and would be disrespectful of what Elvis left behind in his life."
After rumors swirled she had been locked out of Graceland, which she opened to the public in 1982, a statement to Entertainment Tonight from reps for Graceland said: "These reports are entirely untrue." They added: "No locks at Graceland have been changed since Lisa Marie's passing."
Additionally, of her relationship with her granddaughter, while speaking at the Tyne Theatre and Opera House in Newcastle upon Tyne, she maintained everything was "fine" between them, telling the audience at the time: "We are just fine."
Scroll below for more photos of the Presley family.
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