Lisa Marie Presley’s daughters will inherit Graceland

Lisa Marie Presley’s daughters will inherit Graceland

Elvis Presley’s Graceland is staying in the family following the death of his daughter Lisa Marie Presley.

Lisa Marie’s three daughters — Finley, Harper and Riley — will receive the property, as part of a trust, a representative told PEOPLE.

Regarded as the King of Rock and Roll by many, Elvis’ Graceland went to Lisa Marie following his death in 1977. Now that legacy will continue as the property is being passed down to her daughters.

MEMPHIS, : Elvis Presley fans crowd to get a glimpse of a newly-unveiled bust of the late singer 08 January during his 60th birthday celebrations at his Graceland mansion in Memphis, TN. The bust was sculpted by Iwo Jima Memorial creator Felix de Weldon. (COLOR KEY: Bust is brown) (Photo credit should read CHRIS WILKINS/AFP via Getty Images)AFP via Getty Images

Lisa Marie passed away hours after being hospitalized for a possible cardiac arrest on Thursday, Jan. 12. She was 54.

READ MORE: Memorial for Lisa Marie Presley to be held at Graceland

A rep of daughter Riley told ET that Lisa Marie will be buried next to her son Benjamin, who died by suicide in 2020, at the estate.

A memorial service will be held on the front lawn of the estate at 9 a.m. on Jan. 22. Read more via PEOPLE.