Reed estate goes to wife and sister
Published 05/11/2013 | 02:46
Rocker Lou Reed's life was decidedly unconventional, but he wanted his estate used for a very traditional purpose: to benefit his wife and other relatives.
Reed's will, filed yesterday in a New York City court, leaves his Manhattan penthouse, his home in East Hampton, New York, and the bulk of his estate to his wife, musician Laurie Anderson. The long-time couple married in 2008.
The 71-year-old Velvet Underground frontman and Walk On The Wild Side singer died on October 27 of complications from a liver transplant.
Reed's sister inherits about a quarter of his estate and a 500,000-dollar (£314,465) bequest aimed at caring for their mother.
His business manager and accountant are assigned to handle licensing and copyrights for his music.