Riley Keough Assumes Full Control of Lisa Marie Presley's Estate Following Agreement with Priscilla Presley

Riley Keough, daughter of Lisa Marie Presley, officially takes over her mother's multimillion-dollar estate.

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The transfer of authority comes after an agreement was reached between Riley and her grandmother Priscilla Presley.

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Riley, 34, files a petition in the Los Angeles court seeking approval for the settlement regarding the estate.

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The settlement saves the beneficiaries from paying trustee fees to Priscilla and avoids costly litigation.

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Riley is now also the sub-trustee for her 14-year-old twin sisters, Harper and Finley Lockwood.

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Riley's lawyer, Justin Gold, emphasizes that she will manage the money in a way that prioritizes the beneficiaries' needs.

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Priscilla Presley, 78, is officially removed as the Trustee of Lisa's estate, but retains her role for other sub-trusts.

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Navarone Garibaldi, Lisa's son, will receive a 1/9 share of the Trust, while the rest will be distributed among Riley, Finley, and Harper.

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