Riley Keough; Priscilla Presley.Photo:Randy Shropshire/Deadline; Monica Schipper/Getty

Riley Keough to Pay Priscilla Presley $1 Million and $400K in Legal Fees to Settle Family Trust Suit

Randy Shropshire/Deadline; Monica Schipper/Getty

TheAgent Elvisactress continued: “My granddaughter, through her counsel, along with my team worked diligently and tirelessly to resolve all misunderstandings as a family.”

Lisa Marie was the only child of rock legend Elvis Presley, to whom Priscilla was married from 1967 to 1973. She shared daughter Riley withex-husband Danny Keough.

Priscilla filed the declaration in support of a motion that would seal the petition Riley previously filed to approve the pair’s settlement agreement. Priscilla wrote that the petition she’d filed in January as a means of staying on board as the co-trustee of Lisa Marie’s estate was “misconstrued” as “a ‘fight’ over my beloved daughter’s trust."

The actress added that that was not her intent, and that she has since fired the law firm that filed the petition. She said her goal in filing her declaration was to “resolve all potential uncertainty” surrounding the interpretation of the Trust.

The Presleys in 1968.Uncredited/AP/Shutterstock

Mandatory Credit: Photo by Uncredited/AP/Shutterstock (13712990a) Elvis Presley poses with wife Priscilla and daughter Lisa Marie, in a room at Baptist hospital in Memphis, Tenn., on Feb. 5, 1968. Lisa Marie Presley, a singer, Elvis' only daughter and a dedicated keeper of her father’s legacy, died after being hospitalized for a medical emergency Obit-Lisa Marie Presley, Memphis, United States - 05 Feb 1968

Priscilla Presley, Lisa Marie Presley and Riley Keough.Eric Charbonneau/Invision

Mandatory Credit: Photo by Eric Charbonneau/Invision/AP/Shutterstock (9197796di) Priscilla Presley, Lisa Marie Presley and Riley Keough seen at the Warner Bros. premiere of “Mad Max: Fury Road”, in Los Angeles Warner Bros. Premiere of “Mad Max: Fury Road”, Los Angeles, USA - 7 May 2015

source: people.com