The will of Elvis Presley appointed his father, Vernon Presley as executor and trustee.  The beneficiaries were his nearest relatives, Minnie Mae Presley (grandmother), Vernon Presley (father) and Lisa Marie Presley (his only child).  Elvis Presley died in 1977.  Vernon Presley died in 1979.  Minnie May Presley died in 1980.  This left Lisa Marie Presley as the sole heir to the Elvis Presley estate.  Lisa Marie’s inheritance was to be held in trust for her until her twenty-fifth birthday, February 1, 1993.  At the time of her father’s death, Lisa Marie, was nine years old.