Belfast Telegraph

Sunday 31 August 2014

Reed estate goes to wife and sister

Rocker Lou Reed has left his estate to his 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.

AP

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