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Reed estate goes to wife and sister

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.



From Belfast Telegraph