The story
After Elvis Presley's death from cardiac arrhythmia and heart failure on August 16, 1977, at Graceland, his will appointed his father, Vernon Presley, as executor and trustee. The beneficiaries of the trust were Vernon, Elvis' grandmother Minnie Mae Presley, and his nine-year-old daughter Lisa Marie Presley. After Vernon's death in 1979, Elvis' ex-wife Priscilla Presley was named as one of three trustees by his will with the National Bank of Commerce in Memphis, which was the bank Elvis and Vernon had done business with, and Joseph Hanks, who had been Elvis and Vernon's accountant for a number of years. EPE was formally set up by Priscilla in 1979. With Minnie Mae's death in 1980, Lisa Marie became the last surviving beneficiary named in Elvis's will; she too died in 2023.
From Wikipedia’s article on Elvis Presley Enterprises, shared under CC BY-SA 4.0.3
