The lawsuit involving Heath Ledger’s $10 million life insurance policy is close to an end according do reports, after the parties involved have reached a settlement.

When Australian actor Heath Ledger passed away last year from a prescription drug overdose, all of his inheritance, including his multi-million life insurance, was supposed to go to his 3-year-old daughter with former fiancée Michelle Williams.

However, the life insurance company, ReliaStar, decided not to pay up claiming Heath's death seemed more like a suicide than an overdose and instead launched an investigation to determine whether Ledger committed suicide, despite the medical examiner’s ruling which said it was accidental.

ReliaStar Life Insurance Company wrote the policy for Ledger back in June 2007, just six months before he died. The company also claimed that Ledger lied on his insurance application, specifically when it asked if he was taking prescription drugs or ever took illegal drugs.

As a result, the actress hired a lawyer on their daughter Matilda Rose’s behalf to fight against the agency. Eventually, an out-of-court deal was reached between the company and lawyer John S. LaViolette, who was hired to represent Matilda.

“The parties are pleased they were able to reach an amicable settlement,” said attorney William Shernoff, who represents Matilda and LaViolette.

While details of the settlement are confidential, the legal papers show that LaViolette is seeking to be appointed as guardian of Matilda.

Heath Ledger was found dead in his New York apartment on January 22 from what the New York Medical Examiner ruled an accidental drug overdose.

A closed hearing has been requested for late February.