Keough also agreed to pay Priscilla $100,000 a year for her services as a “special advisor” to the Promenade Trust, which holds the family’s shareholder interest in Elvis Presley Enterprises, Inc. The finalized pact further confirms Priscilla will receive a $1 million lump-sum payment “off the top” of Lisa Marie’s irrevocable trust funded by a $25 million life insurance policy. The burial location will be at the location closest to Elvis Presley without moving any existing gravesite,” the settlement obtained by Rolling Stone reads.
“Riley agrees to allow Priscilla to be buried upon her death in the Meditation Garden of Graceland. The final un-redacted agreement, filed in Los Angeles County probate court and rubber-stamped by a judge this week, states Priscilla can be buried as close to Elvis as possible at Graceland and that her son, Navarone Garibaldi, can participate in the memorial ceremony. Priscilla Presley and Riley Keough’s settlement of Lisa Marie Presley’s estate now has formal court approval, averting what could have been a multimillion-dollar public legal battle.