Lou Reed Leaves Millions to Family
Tue, 01 Jul 2014 16:47:20
The late singer and guitarist Lou Reed took care of his family with his will.
Reed, 71, died in October. According to The New York Post, the rocker's longtime manager Robert Gotterer noted that Reed left behind $20 million in money and other property.
A sum of $10 million was allocated for Reed's heirs. There was also money from insurance policies and pension funds.
Reed's widow Laurie Anderson inherited two homes: a $7 million penthouse in New York City, and a $1.5 million house in the Hamptons. She was also bequeathed jewelry, art, cars and boats. So she made out well with material items, but something tells us she'd rather have more time with Reed than all this stuff.
Reed put aside a total of $500,000 his elderly mother's care, while his sister Margaret Reed Weiner will inherit $5 million.
Reed was generous.
What is your favorite Lou Reed song?