Authentic Brands and Joel Weinshanker, founder and CEO of the National Entertainment Collectibles Association, now manage the estate through an entity called Elvis Presley Enterprises.
Weinshanker, who was contacted by phone on Friday, noted how vital the Graceland residence was to Ms Presley.
“Elvis has lived in lots of places, but Graceland has at all times been his home, and Lisa felt the identical way,” he said. “In difficult times, she slept in his bedroom. Twenty-five million people have visited Graceland, but it surely has at all times been home to just one person, and that was Lisa.
While sticking to the home and grounds, Mrs. Presley also stuck to the resting place of her closest members of the family. Elvis Presley, who died in a rest room at Graceland, is buried on the property, as is her son, Benjamin Keough, who died by suicide in 2020.
She is survived by her mother, Priscilla Presley, and three daughters: actress Riley Keough, 33, fathered by Mrs. Presley’s first husband, Danny Keough; and 14-year-old twin daughters, Harper Lockwood and Finley Lockwood, whom she shared together with her fourth husband, guitarist Michael Lockwood.
The daughters will now inherit the estate and its grounds, confirmed Elvis Presley Enterprises.
“The house itself, the mansion, belonged to Lisa. Even though we’ve got an agreement under which we manage and take care of it, it would remain with trust,” said Weinshanker. “That trust will go to Riley, Finley and Harper. And Harper and Finley are each minors, so Riley will ultimately run the fund.
In a 2003 Playboy interview, Mrs. Presley joked that when she died, she would inevitably be buried at Graceland. And on Friday, Ms Keough’s representative confirmed that she would indeed be buried on the property together with her son Ben.