Rocker Lou Reed leaves estate to wife, sister

mlurp · #1 (**permalink**) 11-05-2013, 04:21 PM

Anyone remember the Velvet Underground with Lou Reed? Over this weekend on our PBS station I saw him one last time. He had died sometime earlier.

In many ways they were strange and never fitted in with the Hippys out west. Andy Whorl might have been the reason IMHO.

Quote:

Rocker Lou Reed leaves estate to wife, sister

3 hours ago

NEW YORK (Reuters) - Rocker Lou Reed, the frontman of the 1960s band The Velvet Underground who died last week, left his estate to his wife and his sister, according to a will filled in a New York court.

The performer, whose solo songs include "Walk on the Wild Side" and "Perfect Day," died of liver disease at the age of 71. He underwent a liver transplant in April.

Reed's wife, performance artist Laurie Anderson, will receive most of the estimated $15 million estate, including their New York apartment, a home in East Hampton, New York, and all the singer's personal property.

Reed and Anderson married in 2008.

"The bulk of his estate is in trust for his wife, 75 percent. The other 25 percent is in trust for his sister," said Reed's lawyer, James Purdy.

Reed's sister also received a $500,000 bequest. Reed said in the will, filed on Monday, that he hoped she would use a portion of the money to care for their elderly mother.

Brooklyn-born Reed formed The Velvet Underground with musician John Cale as an experiment in avant-garde rock and was managed early on by pop artist Andy Warhol.

Reed has been widely credited with expanding the lexicon of rock music with provocative lyrics that chronicled androgyny, illicit sex and drug abuse.

The band heavily influenced rock music in the 1960s and 1970s and was an inspiration for punk art.

(Reporting by Patricia Reaney; Editing by Eric Kelsey and Christopher Wilson)

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Lollie · #2 (**permalink**) 11-05-2013, 11:47 PM

Lou Reed and Andy Warhol had a love/hate relationship from what I understand.

It's good that Mr. Reed had his ducks in a row and managed his affairs properly to take care of those important people in his life in the end.

Loved his music and followed him since as long as I can remember.

People always say "they'll be missed" when an artist of his talent passes.

I don't think he'd have done much more than he'd already done for the music industry.

There were so many who were inspired by the Velvet Underground.

That carries on even now if you really listen to some artists even today.

mlurp · #3 (**permalink**) 11-06-2013, 05:19 PM

Quote:

Originally Posted by Lollie

Lou Reed and Andy Warhol had a love/hate relationship from what I understand.

It's good that Mr. Reed had his ducks in a row and managed his affairs properly to take care of those important people in his life in the end.

Loved his music and followed him since as long as I can remember.

People always say "they'll be missed" when an artist of his talent passes.

I don't think he'd have done much more than he'd already done for the music industry.

There were so many who were inspired by the Velvet Underground.

That carries on even now if you really listen to some artists even today.

I loved all of his hard rock stuff, yet some of what was released next was soft rock to me.
And I have to agree with you as your right.

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