Late singer's music will be looked after by his business manager and accountant
Lou Reed left his estate to his wife and sister, it has been revealed.
Billboard reports that Reed left his Manhattan penthouse, his home in East Hampton, New York and the majority of his estate to his wife, musician Laurie Anderson. The couple married in 2008 and had no children. Anderson recently paid tribute to her husband, saying he died while looking at the trees.
In addition to Anderson, Reed’s sister is said to have inherited about a quarter of his estate and a further $500,000 to look after their elderly mother. Meanwhile, licensing and copyrights for Reed’s music will be looked after by his business manager and accountant.
Lou Reed died on October 27 with the cause of death confirmed as liver failure earlier on October 29. The frontman had a liver transplant last May (2013). Reed’s death leaves Cale and drummer Moe Tucker as the only surviving members of the pioneering New York art rockers The Velvet Underground.
David Bowie and The Strokes lead musician’s tributes to Lou Reed with Morrissey, Iggy Pop, The Killers and The Who also paying their respects to the late star. Additionally, John Cale wrote “The world has lost a fine songwriter and poet… I’ve lost my ‘school-yard buddy'” on his Facebook page.