Elvis guitar in the auction block
Graceland, Elvis Presley’s legendary mansion in Memphis, Tennessee, will go to Lisa Marie Presley’s daughters following their recent death.
Lisa Marie was hospitalized Thursday for possible cardiac arrest and died the same day. She was 54 years old.
Now their daughters Riley, Harper and Finley will receive Graceland, which is in a trust, a Graceland representative confirmed to FOX Business.
“Lisa Marie’s daughters inherit everything,” the spokesperson continued.
LISA MARIE PRESLEY PRIORLY ADDRESSED GRACELAND’S FUTURE: ‘THIS IS THAT’
Lisa Marie was hospitalized Thursday for possible cardiac arrest and died the same day. She was 54 years old. (Photo by Bryan Steffy/WireImage/Getty Images)
Lisa Marie had previously hinted that her children would receive the fortune if she died.
“It’s absolutely 100 percent mine and it’s always been mine, Graceland,” she told Entertainment Tonight in 2013. “It will always be like this. And when it’s not mine anymore, it will belong to my children. And that was it. “
Lisa Marie shares two children from her marriage to Danny Keough: Riley, 33, and Benjamin, who died by suicide in 2020 at the age of 27.
Lisa Marie later married Michael Lockwood in 2006 and had their 14-year-old twin daughters, Harper and Finley. Presley and Lockwood separated in 2016 and finalized their divorce in 2021.
REMEMBRANCE OF LISA MARIE PRESLEY: ELVIS AND PRISCILLA’S ONLY CHILD, SURVIVED BY MOTHER, 3 DAUGHTER
Lisa Marie had previously hinted that her children would receive Graceland when she died. (Getty Images/Getty Images)
Graceland was passed on to Lisa Marie, Elvis’ only daughter, after his death in 1977. The house was left in a trust to Lisa Marie when she was 9 years old and the trust was dissolved when she turned 25 in 1993.
Lisa Marie then established the Elvis Presley Trust to manage the estate with her mother, Priscilla Presley, and the National Bank of Commerce.
The property is currently open for sightseeing and overnight stays.
Lisa Marie Presley ((Photo by Jon Kopaloff/FilmMagic)/Getty Images)
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Graceland’s Meditation Garden will be the resting place for Lisa Marie. She would be buried next to her son Benjamin. This is also the resting place of Elvis, his parents Gladys and Vernon Presley and Elvis’ grandmother Minnie Mae Presley.