Riley Keough is asking the Los Angeles County Top-quality Court docket to formally identify her the sole trustee of her late mother Lisa Marie Presley’s have faith in.
In accordance to courtroom documents obtained by NBC News, lawyers for Keough, 34, filed a petition in the Los Angeles County Remarkable Court docket on June 12 for acceptance of past month’s settlement agreement with her 78-yr-previous grandmother, Priscilla Presley, among the other household users.
The arrangement puts Priscilla Presley as the trustee of the 1/9 sub-have confidence in for her son Navarone Garibaldi Garcia — Lisa Marie Presley’s late brother who has no relation to Elvis Presley.
The remainder of the believe in will be break up among Keough and her 14-calendar year-aged twin sisters, Harper and Finley Lockwood.
The moment the courtroom approves the settlement, Keough will also become the trustee of sub-trusts for Harper and Finley. Keough’s legal professional, Justin Gold, pointed out that the actor will not demand any charge for expert services as trustee, adding that “the beneficiaries all save income that would have long gone to Priscilla, who was likely to charge a trustee charge.”
In accordance to Gold, the revenue provided to Keough by means of the believe in “will be safeguarded and invested in a way regular with the wants of the beneficiaries, and not affected by the desires of a trustee.”
Keough in addition filed the petition to assure any third get-togethers working with the have faith in and estate are knowledgeable of who has been named trustee, the documents point out.
“In settling the promises pending in Priscilla’s Petition, the events are conserving important authorized charges by staying away from litigation, and they are likewise avoiding the spectacle of intra-relatives litigation that would have been inimical to Lisa’s wishes and not in the greatest pursuits of the loved ones,” Gold wrote in the petition.
The paperwork state that Priscilla Presley was formally eradicated as trustee for the estate of late daughter, Lisa Marie Presley, who died January 12, 2023.
Months following her daughter’s loss of life, Priscilla Presley requested a courtroom to locate a “purported” amendment found in a 2016 document that removed her as co-trustee as invalid. The document “pertaining to be an amendment” of the rely on as a substitute named Riley Keough and the late Benjamin Keough as co-trustees.
Reps for Riley Keough, Priscilla Presley and Navarone Garcia did not promptly answer to NBC News’ ask for for comment. The subsequent listening to in the circumstance is scheduled for Aug. 4.
This tale initially appeared on TODAY.com. Far more from Nowadays:
