Graceland will go to Lisa Marie Presley’s three daughters — just like she wanted.
After her sudden and tragic passing last week, fans were left wondering who would be inheriting her father Elvis Presley’s famous estate.
The Memphis, Tenn., property — which is in a trust — will benefit Riley Keough, 33, and twins Harper and Finley Lockwood, 14, a representative for Graceland confirmed to People on Monday.
Not only did Lisa Marie grow up in that home, but it’s also where Elvis died in 1977 at age 42 when his daughter was 9.
Graceland was left to Lisa Marie — the King of Rock and Roll’s only child — as part of her inheritance in a trust that dissolved on her 25th birthday in 1993, at which point she became the sole owner of the property.
However, to continue the successful management of the estate, Lisa Marie chose to form a new trust — The Elvis Presley Trust — with her mother, 77-year-old Priscilla Presley, and the National Bank of Commerce.
Over the years, the trustees decided to open Graceland up to the public via a variety of tours and overnight stays.
Elvis purchased the home in 1957 for $100,000. In 2020, Rolling Stone reported its estimated worth to be as much as $500 million.
Lisa Marie was adamant that the property stay in the family.
“Graceland was given to me and will always be mine,” she insisted in 2013. “And then passed to my children. It will never be sold.”
On Monday, the Presley family announced that they will be holding a public memorial service for the singer-songwriter on Graceland’s front lawn on Jan. 22 at 9 a.m.
Lisa Marie died on Thursday at age 54 after going into cardiac arrest at her Calabasas, Calif., home and then coding “multiple times” at West Hills Hospital and Medical Center.
Insiders told us exclusively that there appeared to be no drugs on the scene.
Lisa Marie shared Riley and Benjamin with Danny Keough, to whom she was married from 1988 to 1994.
She co-parented her twins with Michael Lockwood, to whom she was married from 2006 to 2016.
Lisa Marie was also married to Michael Jackson from 1994 to 1996 and to Nicolas Cage from 2002 to 2004.