Riley Keough will manage trust of younger siblings following a legal challenge from Priscilla Presley.Photo:Anna Webber/Variety via Getty; Monica Schipper/Getty
Anna Webber/Variety via Getty; Monica Schipper/Getty
“The settlement is in the best interests of minors Harper Lockwood and Finley Lockwood, and confirm that Michael Lockwood’s signature on their behalf, asGuardian Ad Litem, is valid and binding,” Judge Lynn H. Scaduto wrote.
Keough filed the 73-page petition with the court on June 12 to approve anearlier settlement agreementthat was reached between her, Lockwood, and Priscilla,PEOPLE previously reported.
Moving forward, theDaisy Jones & the Sixactress will ownElvis Presley’s former estateGracelandin Memphis, Tennessee, a home that he had gifted to his only child Lisa Marie when he died in 1977.
When the agreement was initially filed,Keough’s lawyer Justin Goldwrote that if the court approved the petition, his client would not charge for her services as a trustee; therefore, “the beneficiaries all save money that would have gone to Priscilla who was going to charge a trustee fee."
The trust will reportedly allow Priscilla to remain as a special adviser and receive a monthly payment for her role within the trust.
Harper and Finley Lockwood with their late mother Lisa Marie Presley.Steve Cohn/Shutterstock
Steve Cohn/Shutterstock
source: people.com
