NASHVILLE, TN – JUNE 05: Musician Lisa Marie Presley poses at the Wonderwall Portrait Studio during the 2013 CMT Music Awards at Bridgestone Arena on June 5, 2013 in Nashville, Tennessee. (Photo by Christopher Polk/Getty Images for Wonderwall); USA – CIRCA 1970: Photograph of Elvis PRESLEY and PLACES and GRACELAND; Elvis Presley’s House, Graceland (Photo: Mick Hutson/Redferns)
Christopher Polk/Getty for Wonderwall; Mick Hutson/Redferns
Elvis Presley’s iconic Memphis, Tennessee mansion, Graceland, will remain in the Presley family.
Following Lisa Marie Presley’s death on Thursday, the property, which is in trust, will benefit Lisa Marie’s three daughters, Riley, Harper and Finley, a rep for Graceland confirms to PEOPLE.
The former home of the King of Rock and Roll was passed to his only daughter, Lisa Marie, after his death in 1977. It is now open for a variety of tours and overnight stays.
Lisa Marie had two children from her marriage to Danny Keough: Riley, 33, and Benjamin, who committed suicide at age 27 in July 2020. She married Michael Lockwood in 2006, with whom she gave birth to her now 14- year-old twin daughters, Harper and Finley. Presley and Lockwood separated in 2016 and their divorce was finalized in 2021.
RELATED: Lisa Marie Presley, daughter of Elvis and Priscilla, dies at 54: ‘The strongest and most loving woman’
Elvis director Baz Luhrmann pays tribute to Lisa Marie Presley after her death
Axelle/Bauer-Griffin/FilmMagic From left to right: Steve Binder, Harper Vivienne Ann Lockwood, Lisa Marie Presley, Baz Luhrmann, Priscilla Presley, Riley Keough, Austin Butler and Finley Aaron Love Lockwood
According to Graceland’s official website, the estate was left to Lisa Marie in trust when she was just nine years old, and the trust officially dissolved on her 25th birthday in 1993, giving her full ownership of the home. She then formed The Elvis Presley Trust to manage the estate along with her mother Priscilla Presley and the National Bank of Commerce.
RELATED: Lisa Marie Presley Was ‘At Peace’ During Graceland Visit Days Before Her Death, Says Friend David Kessler
On Thursday, January 12, Lisa Marie was rushed to the hospital for possible cardiac arrest and died later that day at the age of 54. Priscilla confirmed her daughter’s death to PEOPLE.
MEMPHIS, TN – CIRCA 1957: Rock and roll singer Elvis Presley walks the grounds of his Graceland estate circa 1957. (Photo: Michael Ochs Archives/Getty Images)
Michael Ochs/Getty Images
“It is with a heavy heart that I must share the devastating news that my beautiful daughter, Lisa Marie, has left us,” Priscilla said in a statement to PEOPLE on Thursday night.
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“She was the most passionate strong loving woman I have ever known. We ask for privacy as we try to cope with this profound loss. Thank you for your love and prayers. There will be no further comments at this time.’
RELATED: Lisa Marie Presley to be laid to rest at Graceland next to ‘beloved’ son Benjamin
Lisa Marie Presley arrives at the 80th Annual Golden Globe Awards held at the Beverly Hilton Hotel on January 10, 2023 in Beverly Hills, California
Todd Williamson/NBC/NBC via Getty
It was confirmed on Friday that she will be laid to rest in Graceland’s meditation garden next to her son Benjamin.
“Lisa Marie’s final resting place will be at Graceland, next to her beloved son, Ben,” her daughter’s rep, Riley Keough, said in a statement to PEOPLE.
It is also the final resting place of Elvis, Elvis’ mother Gladys Presley, Elvis’ father Vernon Presley and Elvis’ grandmother Minnie Mae Presley.
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