She also presides over the sub-trusts of her 15-year-old sisters, Finley and Harper Lockwood, Lisa Marie’s daughters from her marriage to fourth ex-husband Michael Lockwood, whom she divorced in 2021.
Priscilla Presley , the ex-wife of Elvis and mother of Lisa Marie, was previously involved in a dispute with Keough over the future of the estate.
Speaking to People , the actor and singer said her hope was to continue what her mother and grandmother did before her: “Which is simply to preserve our family home.”
Elvis Presley purchased the property for £102,500 in 1957 – the same year he released hits such as “All Shook Up” and “Blue Christmas” – and lived there until his death in 1977.
The Graceland estate was then inherited by Lisa Marie and opened to the public as a museum in 1982.
According to the legal notice, Lisa Marie allegedly signed a Deed of Trust in 2018 to secure the loan through a Missouri company called Naussany Investments and Private Lending, using Graceland as collateral.
Keough branded the planned foreclosure auction of the historic building “fraudulent” and filed a lawsuit to hold it.
The suit, which was filed on 15 May, claimed that Lisa Marie’s signatures on the documents were forgeries, that the loan never transpired, that Naussany Investments was not a real company, and that the loan’s notary public did not notarise it.
“Graceland will continue to operate as it has for the past 42 years, ensuring that Elvis fans from around the world can continue to have a best in class experience when visiting his iconic home.”
The 13.8-acre property attracts around half a million visitors each year, as fans make a pilgrimage to pay tribute to one of America’s most significant musicians.
From one Elvis fan,to others. I am so glad Riley is sole owner of Graceland .She will put all Elvis rumors to rest once and for all.Lisa was working on em as one of her many projects. Due to Lisa passing it got put on hold......
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