What Happens to Elvis Presley’s Graceland Estate Following Lisa Marie Presley’s Death?
The sudden death of Lisa Marie Presley sent shockwaves around the world after the 54-year-old went into cardiac arrest on January 12.
According to the Graceland official website, the property was held in a trust and was dissolved when Lisa turned 25. She later formed a new trust, the Elvis Presley Trust, and tapped Priscilla Presley and the National Bank of Commerce as co-trustees.
The family opened the iconic landmark to the public in 1982, and it quickly became one of the most famous homes in the United States, welcoming more than 500,000 visitors each year.
But what happens to Graceland now? It’s been confirmed that Graceland will stay in the Presley family. The property, currently being held in a trust, will benefit Lisa Marie’s three daughters, Riley Keough, and twins Harper and Finley Lockwood, a representative for Graceland confirmed to Bustle.
In a 2013 interview with Entertainment Tonight, Presley spoke about what would happen to Graceland once she no longer owns it.
“It is absolutely 100 percent mine and it has always been mine, Graceland,” she said. “It will always be. And when it is no longer mine, it will be my children’s. And that is that.”
The Memphis estate will also be the late star’s final resting place, and a public memorial service will be held on the front lawn of Graceland on January 22. According to People, Presley will be buried in Graceland’s Meditation Garden next to her son Benjamin, who died in 2020. The estate also serves as the final resting place of her father Elvis, along with his parents, Gladys and Vernon Presley, and his grandmother Minnie Mae Presley.