  Riley Keough takes over multimillion-dollar estate of her mother !

Riley Keough became the sole Trustee of the estate after an agreement with her grandmother Priscilla Presley

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Lisa Marie Presley’s daughter Riley Keough has officially taken over the multimillion-dollar estate of her mother, after she and her grandmother Priscilla Presley reached an agreement about a month ago.

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In documents seen by the news outlet PEOPLE, Riley, 34, petitioned the court to approve the settlement over the estate in documents that were filed in Los Angeles.

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“The beneficiaries all save money that would have gone to Priscilla who was going to charge a trustee fee,” Riley’s lawyer Justin Gold said in the documents.

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“In settling the claims pending in Priscilla's Petition, the parties are saving significant legal fees by avoiding litigation,

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Light

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Gold stated that Riley will invest the money “in a manner consistent with the needs of the beneficiaries, and not influenced by the desire of a Trustee.”

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