Lisa Marie Presley’s daughter will take over as sole trustee of her late mother’s estate, according to a court settlement.

Riley Keough filed a petition Monday in Los Angeles County Superior Court to approve a settlement that included an undisclosed payment to her grandmother Priscilla, who agreed not to become a co-trustee of Lisa Marie Presley’s estate. .

The petition seeks to end a potentially long-running family dispute over control of Lisa Marie Presley’s estate, which includes the Graceland Mansion in Memphis, Tennessee, and many of Elvis Presley’s personal properties. It unveiled new details of an agreement reached last month.

The agreement will allow Elvis’ widow Priscilla to be buried at Graceland, which will be owned by Keough, according to the filing.

A representative for Priscilla Presley was not immediately found. A lawyer for Keough declined to comment.

“In resolving the claims pending in Priscilla’s petition, both parties have saved significant legal costs by avoiding litigation, which is similarly contrary to Lisa’s wishes and not in the best interests of the family. It also avoids the spectacle of possible family lawsuits,” Keough’s attorney, Justin Gold, wrote in the petition.

Earlier this year, Priscilla Presley tried to challenge the validity of documents replacing herself as trustee, but denied that the legal action implied a split in the family.

Lisa Marie Presley, 54, died in Los Angeles in January of cardiac arrest.she is survived He has three daughters from two different marriages, actor Keough and twins Harper and Finley Lockwood.

Prior to her death, Lisa Marie Presley helped manage the King of Rock and Roll’s fortune.

Lisa Marie Presley appointed her mother, then-business manager Barry Siegel, as co-trustee of the trust in 1993, according to court documents.

After her death on January 12, her mother said she found an amendment to her will dated March 11, 2016, which would replace the two as trustees after her death. If the change goes into effect, she and Siegel would be replaced by Keough, 33, and Benjamin Keough, who died in 2020 at the age of 27.

However, Priscilla Presley questioned the credibility of Lisa Marie Presley’s signature on the document, and the document also misspelled Priscilla Presley’s name and, as the trust requires, her daughter’s death. was not delivered to her, court records say.

Presley further said that the amendments were not witnessed or notarized. Priscilla expected her granddaughter Riley to replace Siegel as her joint trustee.