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Riley Keough’s $1 Million Settlement: Resolving Conflict with Priscilla Presley


Riley Keough has reached a settlement with her grandmother, Priscilla Presley, in their legal dispute. As per the agreement, Riley, a 34-year-old actress, will make a lump-sum payment of $1 million to Priscilla.

The conflict arose when Riley was named the sole heir in her mother, Lisa Presley’s $35 million will after Lisa’s passing earlier this year at the age of 54.

Although the terms of the settlement were supposed to remain confidential, redacted court documents obtained by People magazine revealed references to the payment and additional legal costs.

The documents state that Riley is obligated to pay Priscilla $400,000 for legal fees and costs, which will be made concurrently with the $1 million payment specified in Paragraph 6 of the settlement agreement.

Paragraph 6 of the agreement refers to a sum that Riley must pay to Priscilla, which is to be made within 10 days after Riley receives the proceeds from her mother’s life insurance policy. The exact amount is redacted, but according to the New York Times, it is reported to be $1 million.

In exchange for Priscilla resigning as the trustee, Riley will make the payment after she receives the life insurance proceeds. The documents indicate that Priscilla was officially removed as the trustee of her late daughter’s estate on May 11th and signed the settlement agreement.

Riley Keough’s lawyer stated in the document that by settling the claims in Priscilla’s Petition, the parties are avoiding costly litigation and preventing a public family dispute, which would have been contrary to Lisa’s wishes and not in the best interests of the family.

In addition to becoming the sole trustee of her mother’s estate, Riley, known for her role in “Mad Max: Fury Road,” will also oversee the sub-trusts for her 14-year-old half-sisters, Harper and Finley Lockwood.

She will responsibly manage and invest the funds in a manner that aligns with the beneficiaries’ needs and is not influenced by the trustee’s personal desires.

Priscilla will act as the trustee of the sub-trust for her son, Navarone Garibaldi, Lisa Marie’s half-brother, who will receive 1/9th of the trust, while the remainder will be divided among the singer’s three daughters.

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