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Judge Approves Priscilla Presley’s Payout From Lisa Marie Presley’s Estate & Burial ‘As Close As Possible’ To Elvis
Priscilla Presley and Riley Keough’s settlement of Lisa Marie Presley’s estate has the formal approval from the judge, avoiding a potential million-dollar legal battle. Rolling Stone reports that Priscilla can be buried as “close as possible” to Elvis, and her son, Navarone Garibaldi, can participate in the memorial service when she dies.
“Riley agrees to allow Priscilla to be buried upon her death in the Meditation Garden of Graceland. The burial location will be at the location closest to Elvis Presley without moving any existing gravesite,” the settlement obtained by Rolling Stone reads.
Their settlement confirms that Priscilla will receive a lump sum of $1 million of Lisa’s trust-funded $25 million life insurance policy. Additionally, Priscilla will receive $100,000 annually for her services as Special Advisor to the Promenade Trust, which has a controlling share in Elvis Presley Enterprises. She will receive the payment of $100,000 for ten years or until death (whichever comes first).
The settlement was initially reached in May. Keough asked the court to give her some time to go through the paperwork and reach out to the life insurance company to determine if she is the sole heir of her mother’s…
