Graceland remains in the family even after Lisa Marie Presley's death.

Proceeds from the property in Memphis, Tennessee will benefit her daughters Riley Keough and Harper and Finley Lockwood.

Presley, who died in Los Angeles last Thursday after suffering a cardiac arrest at the age of 54, inherited Graceland in 1977 after the death of her father, Elvis Presley.

Since the singer was only nine years old at the time, a foundation had temporarily taken over the management of the property, which cost around 100 million dollars.

Presley later founded another foundation, the Elvis Presley Trust, which looks after Graceland together with her mother Priscilla Presley and a bank.

Presley's oldest daughter, 33-year-old actress and director Riley Keough, is from the singer's first marriage to musician Danny Keough.

Presley gave birth to twins Harper and Finley 14 years ago during her fourth marriage to guitarist Michael Lockwood.

Graceland, where Elvis' only daughter will be buried alongside her father, grandparents and son Ben, who died two years ago after a memorial service over the weekend, continues to draw some 500,000 each year more than 45 years after the death of the 'King of Rock and Roll' Visitors to Memphis.