Estate of Lou Reed

LouReed’s estate is staying in the family. Reed left a quarter of his estate to his sister, Margaret Reed Weiner,as well as a $500,000 bequest to care for his mother Toby.  Reed’s wife, Laurie Anderson, will inheriteverything else.

Reedhad been battling liver disease and died on October 27 while practicing Tai Chiin his $1.5 million home in East Hampton, New York.  Other assets Anderson will inherit include aManhattan penthouse and all of his personal property.

Reed’sbusiness manager, Robert Gotterer, and his accountant, David Gotterer, willlook after the licensing and copyright for Reed’s music.

See Kirsty McCormack, ‘It All Stays in the Family’ Lou Reed Leaves75 Percent of his Estate to Wife Laurie, Express, Nov. 5, 2013.