The sudden death of Lisa Marie Presley has raised the question: who will inherit the iconic Graceland property that was once owned by the King of Rock and Roll, Elvis Presley?

According to People magazine, Elvis' Graceland property will remain within the Presley family.

Lisa Marie inherited Graceland through a trust after the sudden death of the legendary singer, and now the property will now be passed down to her daughters.

A representative confirmed this news to Fox: "Lisa Marie's daughters inherit everything,"

The recently deceased singer had four children: Riley and Benjamin from her first marriage with Danny Keough, then followed several years later by Harper, and Finley, whom she shared with Michael Lockwood.

The eldest of her daughters, Riley, is now 33 years old, while her youngest daughters, Harper and Finley are both 14 years old. In 2020, though, her only son Benjamin died by suicide at age 27.

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Graceland

Graceland is located in Memphis, Tennessee, and was left to Lisa Marie in trust when she was just nine years old.

It was not until she was 25 that the trust was dissolved and she was granted full ownership of the impressive estate.

"It is absolutely 100 percent mine, and it has always been mine, Graceland," she said in a 2013 interview. "It will always be. And when it is no longer mine, it will be my children's. And that is that."

Graceland is more than just a property for the Presley family, it also serves as Elvis' legacy.

It is now considered a museum for tourists and Elvis fans, as well as a mausoleum, but it was once the Presley family home, where Lisa Marie grew up.

Elvis bought the impressive home when he was just 22 years old to avoid the stress brought about by his career and the constant hounding of the media.

Aside from being a refuge for Elvis himself, it was also home to some of his closest family members like his father Vernon, and was a gathering place for other close relatives.

It was bought by the "Suspicious Minds" singer in 1959 for $102,500-which now amounts to over $900,000 today, and it is considered a historic place.

Despite being one of the most visited homes in America, alongside the White House, the mansion's second floor is actually off-limits to visitors.

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