Not only did Lisa Marie grow up in that home, but it’s also where her father, Elvis, died 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.its estimated worth to be as much as $500 million. “Graceland was given to me and will always be mine,” Lisa Marie insisted in 2013. “And then passed to my children. It will never be sold.”“Graceland was given to me and will always be mine,” sheOn 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.
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