Lisa Marie Presley's three daughters will receive Graceland, as she had wished.
Fans were left wondering who will inherit her father Elvis Presley's renowned estate after her abrupt and terrible death last week.
Riley Keough, 33, and twins Harper and Finley Lockwood, 14, would profit from the Memphis, Tennessee, property, which is owned by a trust, a Graceland official confirmed to People on Monday.
Not only did Lisa Marie grow up there, but Elvis passed away there in 1977 at the age of 42, leaving a daughter who was nine years old.
Lisa Marie, the only child of the King of Rock and Roll, received Graceland as part of her inheritance from a trust that expired on her 25th birthday in 1993, making her the sole owner of the property.
Lisa Marie, her mother Priscilla Presley, and the National Bank of Commerce decided to establish a new trust called The Elvis Presley Trust in order to continue the estate's excellent administration.
The trustees made the decision to make Graceland accessible to the general public throughout time by offering different tours and overnight stays.
Elvis paid $100,000 for the house in 1957. According to Rolling Stone, the value of the company might reach $500 million in 2020.
Lisa Marie insisted vehemently that the home remain in the family.
In 2013, she asserted, "Graceland was entrusted to me and will always be mine." "And then I gave it to my kids. Never will it be sold.
The Presley family said on Monday that a public memorial service will be held for the singer-songwriter on the front lawn of Graceland on Jan. 22 at 9 a.m.
Page Six was previously informed by family representatives that Lisa Marie would be buried there next to her father and son Benjamin Keough, who committed suicide at the age of 27 in July 2020.
Following a heart arrest at her Calabasas, California, home and "several codes" at West Hills Hospital and Medical Center, Lisa Marie passed away on Thursday at the age of 54.
We received unique information from insiders that there didn't seem to be any drugs present.
Riley and Benjamin were shared by Lisa Marie and Danny Keough, to whom she was wed from 1988 to 1994.
She and her husband from 2006 to 2016—Michael Lockwood—shared parenting of her twins.
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