When Elvis died at Graceland on August 16, 1977, his will appointed his father, Vernon Presley, who had long handled Elvis' personal, non-career business affairs, as executor and trustee. The beneficiaries were Elvis' grandmother, Minnie Mae Presley; his father, Vernon Presley; and his only child, Lisa Marie Presley. The will provided that Vernon Presley could, at his discretion, provide funds to other family members as needed. Vernon Presley died in 1979. Minnie Mae Presley died in 1980. This left Lisa Marie Presley as the sole heir to the estate. Elvis' will stated that her inheritance was to be held in trust for her until her twenty-fifth birthday, February 1, 1993
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