Priscilla Presley and granddaughter Riley Keough have officially reached an agreement regarding the late Lisa Marie Presley's estate — and Presley's son, Navarone Garibaldi Garcia, will receive a portion of her trust under the terms of the settlement.
People reports that documents obtained one month after the trust agreement reveal that Garcia is set to receive one-ninth of the trust. The documents also list Keough as the sole trustee of the estate, while Presley will act as the trustee for Garcia's sub-trust. The remainder of Lisa Marie's trust will be distributed to the late singer's twin daughters, Harper and Finley Lockwood, and Presley is also reportedly set to receive a one-time lump sum payment in an amount that has not been disclosed.
Garcia was born to Presley and former partner Marco Garibaldi in March 1987. Although he was Lisa Marie's half brother, Garcia told People that he and Lisa Marie were not very close prior to her death and he did not grow up benefiting from Elvis Presley's "estate and money." The 36-year-old did suggest he is close to Keough, however, saying she "has been so good with the twins" following her mother's death.
The publication reports that Garcia moved around in California during his young adulthood and he has been involved in making music throughout his life.
Lisa Marie Presley died in January following a heart attack at her home in California. Shortly after Lisa Marie's death, Presley and Keough entered into a legal dispute regarding who would serve as the sole trustee on the estate. That issue has now been settled between the parties, and Presley has assured the public that the family is happy with the result. In fact, Presley recently shared a sweet photo of herself and her three granddaughters reuniting to celebrate the twins' gradation from middle school.
