- Three daughters of Lisa Marie Presley will inherit Graceland.
- Riley Keough and twins Harper and Finley Lockwood will benefit from the Memphis.
- Lisa Marie insisted that the property remains in the family.
Just as Lisa Marie Presley desired, Graceland will be given to her three daughters.
Fans were left wondering who will inherit her father Elvis Presley’s renowned estate after her abrupt and terrible death last week.
A spokeswoman for Graceland said on Monday that Riley Keough, 33, and twins Harper and Finley Lockwood, 14, will benefit from the Memphis, Tennessee, property, which is held in trust.
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 an inheritance in a trust that expired on her 25th birthday in 1993, making her the sole owner of the property.
Priscilla Presley, Lisa Marie’s mother, and the National Bank of Commerce decided to create a new trust called The Elvis Presley Trust in order to continue successfully managing the estate.
Trustee decisions to allow public access to Graceland through various tours and overnight stays were made over time.
Elvis paid $100,000 for a house in 1957. According to Rolling Stone, the value of the company might reach $500 million in 2020. Lisa Marie insisted that the property 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.
On January 22 at 9 a.m., the Presley family will hold a public memorial service for the singer-songwriter on Graceland’s front lawn.
According to prior statements made by family representatives, 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.
According to insiders, there didn’t seem to be any narcotics 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 of six years, Michael Lockwood, shared parental responsibility for her twins. In addition, Lisa was wed to Nicolas Cage from 2002 to 2004 and to Michael Jackson from 1994 to 1996.
Navarone Garibaldi gives tribute to her sister Lisa Marie Presley
Navarone Garibaldi gives tribute to her sister Lisa Marie Presley. Priscilla Presley...