Vernon Presley's will brought about the appointment of three co-executors/co-trustees to succeed him. They were: the National Bank of Commerce in Memphis, which was the bank Elvis and Vernon had done business with; Joseph Hanks, who had been Elvis and Vernon's accountant for a number of years; and Priscilla Beaulieu Presley, who had divorced Elvis in 1973, and was Lisa's legal guardian. Joseph Hanks retired from his post in 1990.
Upon Lisa Presley's twenty-fifth birthday in 1993, the trust automatically dissolved and Lisa chose to form a new trust, The Elvis Presley Trust, to continue the successful management of the estate, with Priscilla Presley and the National Bank of Commerce continuing to serve as co-trustees
Elvis Presley Enterprises, Inc. (EPE) is the corporate entity that was created by the Elvis Presley Trust to conduct business and manage its assets. EPE was wholly owned by the Elvis Presley Trust/Lisa Marie Presley until 2005.
Last edited by KPM; 08-19-2007 at 11:54 AM.