Riley Keough agreed to pay Priscilla Presley $1 million to settle the dispute.
Sources have been telling tabloids that the grandmother and granddaughter, who supported Baz Luhrmann’stogether along with Lisa Marie, are in a very bad place. One of Lisa Marie’s confidants told “” that Priscilla’s challenge was a “money grab” and that the pair had “no relationship” when Lisa Marie passed away. A hearing in the legal dispute is now scheduled for April 13, and a lot of questions remain about the family’s trust issues.
Christopher Melcher, a celebrity attorney and legal analyst, said that it’s “common” for people to place their assets in a trust while they are “estate planning” — figuring out who gets what upon death. It’s an easier — and cheaper — way of leaving assets to the people. The trustee, in turn, is in charge of carrying out the deceased person’s wishes with the handling of an estate. If there’s a will but no trust, then everything has to go through “,” involving the court.
“Priscilla thinks it’s fraudulent, [and] that Lisa Marie didn’t sign this,” Melcher said. “That is a ridiculous position for Priscilla to take.” Melcher said it’s “common sense” that Lisa Marie would want her children handling the assets. “When Elvis died, he had one child, which was Lisa Marie — he wanted everything to go to Lisa Marie,” Melcher said. “Priscilla and Elvis were divorced and he made a conscious choice not to leave Priscilla in his will or estate.
Regardless of who might or might not have a better claim to control of the trust, it’s poised to be a long and complicated process. Benny Roshan, who chairs Greenberg Glusker’s Trust and Probate Litigation Group, explained that the dispute is in its very early stages. Priscilla filed a petition. Keough can reply, or she could decide not to file anything. “We’re not likely to see an actual ruling on the underlying petition or filing on April 13,” Roshan said.
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