An agreement over Lisa Marie Presley's estate has been reached.
"All parties have reached a settlement and the families are happy," Priscilla's lawyer, Ronson J. Shamoun, tells ET."They are very excited for the future."
The terms of the settlement were not disclosed. The lawyers have until June 14 to file the terms and they also plan to file a motion to seal those terms. The judge is expected to rule on that motion on Aug. 4. "A settlement means that both parties have agreed on some terms. They're no longer leaving it up to the judge to decide what the outcome of the case is," she explained."They've come together and said, 'This is what we're gonna agree to and we're gonna enter this settlement in with the court, so that the court can enforce it, so that it is on the record and we can sort of walk away.
"This case is about who the trustee is gonna be, who's gonna administer the money, who's gonna sort of dole it out, but also who's gonna make sure that it's invested properly, that basically the money is protected," she added.
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