ARTICLE

Settlement reached over Lisa Marie Presley estate

Wealth Preservation / Thursday / 18 / May 2023

abturner@greenwoods.co.uk

In March, our Lauren Walker considered the dispute reported in the media between Priscilla Presley and Riley Keough over the validity of Lisa Marie’s Will. Click here to read her article.

Yesterday it was announced that a settlement has now been reached. It is unlikely that we will find out what the terms of the settlement are as it is reported that a motion (an application to the court) has been filed to seal the details but lawyers for Priscilla and Riley confirm that both parties are happy with the outcome and family harmony has been restored.

There has been a significant upward trend in recent years in the level of disputes arising from Wills and estates, some of which may be fuelled by seeing an increasing number of high-profile cases, such as the Presley estate, in the press.

Whilst the majority of disputes settle out of court, probate claims can be complex as there are various factors and interests that need to be taken into account in agreeing a settlement. This includes the testator’s wishes and how any settlement would affect each of the beneficiaries of the estate.

At Greenwoods, we are lucky to benefit from the expertise of Michael Kilbane, who joined the firm in March 2023 and is a specialist in this area.

If you are involved in an estate dispute or perhaps want to seek pre-emptive advice to avoid a potential dispute after your death, we can help, please get in touch at 0203 691 2087 or email Michael here, mekilbane@greenwoods.co.uk.

This update is for general purposes and guidance only and does not constitute legal or professional advice. You should seek legal advice before relying on its content. Greenwoods Legal LLP is a Limited Liability Partnership, registered in England, registered number OC306912. Our registered office is Queens House, 55-56 Lincoln’s Inn Fields, London, WC2A 3LJ. A list of the members’ names is available for inspection at our offices in Peterborough, Cambridge and London. Authorised and regulated by the Solicitors Regulation Authority, SRA number 401162. Details of the Solicitors’ Codes of Conduct can be found at www.sra.org.uk. All instructions accepted by Greenwoods Legal LLP are subject to our current Terms of Business. VAT Reg No: 161 9287 89.

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