▁G rac eland ▁on ▁August ▁ 1 6 , ▁ 1 9 7 7 , ▁his ▁will ▁appointed ▁his ▁father , ▁Vern on ▁Pres ley , ▁exec utor ▁and ▁trust ee . ▁His ▁fortune ▁had ▁dw ind led ▁to ▁$ 5 ▁million . ▁The ▁benef ici aries ▁of ▁the ▁trust ▁were ▁Vern on , ▁El vis ' s ▁grand m other ▁Minn ie ▁Ma e ▁Pres ley , ▁and ▁his ▁nine - year - old ▁daughter ▁Lisa ▁Marie ▁Pres ley , ▁whose ▁inheritance ▁was ▁to ▁be ▁held ▁in ▁trust ▁until ▁her ▁ 2 5 th ▁birth day . ▁After ▁Vern on ' s ▁death ▁in ▁ 1 9 7 9 , ▁El vis ' s ▁ex - w ife ▁Pr isc illa ▁Pres ley ▁was ▁named ▁as ▁one ▁of ▁three ▁trust ees ▁in ▁his ▁will ; ▁the ▁others ▁were ▁the ▁National ▁Bank ▁of ▁Com merce ▁in ▁M emph is ▁and ▁Joseph ▁H anks , ▁who ▁had ▁been ▁the ▁Pres le ys ' ▁account ant . ▁With ▁Minn ie ▁Ma e ▁Pres ley ' s ▁death ▁in ▁ 1 9 8 0 , ▁Pres ley ▁became ▁the ▁only ▁surv iving ▁benef ici ary ▁named ▁in ▁her ▁father ' s ▁will . ▁ ▁On ▁her ▁ 2 5 th ▁birth day ▁in ▁ 1 9 9 3 , ▁Pres ley ▁inherited ▁her ▁father ' s ▁estate , ▁which , ▁thanks ▁largely ▁to ▁the ▁ste ward ship ▁of ▁her ▁mother , ▁had ▁grown ▁to ▁an ▁estimated ▁$ 1 0 0 ▁million . ▁ ▁In ▁ 1