actress moved to approve the deal on Monday in Los Angeles Superior Court, and her grandmotherwill be paid an undisclosed amount to drop her petition challenging a 2016 amendment to her late daughter’s will that replaced her as a co-trustee. She argued that the amendment was never delivered to her while her daughter was alive, as required by the trust’s terms.
Following the death of her father Elvis Presley and his parents, Lisa Marie became the sole inheritor to the King of Rock ‘n’ Roll’s estate, which was managed by Priscilla, who was married to Elvis from 1967 to 1973. When the trust was dissolved on Lisa Marie’s 25th birthday in 1993, she formed a new trust to continue the management of the estate with Priscilla Presley as co-trustee.
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