Origins
EPE was originally set up in 1954 by Elvis Presley's then manager, Bob Neal, to exploit what he hoped would be profitable merchandise opportunities. After Elvis signed with Colonel Tom Parker in 1955, EPE became a part of Parker's operations and ceased to officially exist.
After Elvis' death on August 16, 1977 at Graceland, his will appointed his father, Vernon Presley, as executor and trustee. The beneficiaries of the trust were Vernon, Elvis' grandmother Minnie Mae Presley, and his nine year old daughter Lisa Marie Presley. After Vernon's death in 1979, Elvis' ex-wife Priscilla Presley was named as one of three trustees by his will along with the National Bank of Commerce in Memphis, which was the bank Elvis and Vernon had done business with, and Joseph Hanks, who had been Elvis and Vernon's accountant for a number of years. With Minnie Mae's passing in 1980, Lisa Marie became the only surviving beneficiary named in Elvis's will.
Read more about this topic: Elvis Presley Enterprises
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