Lou Reed's estate worth over $20M, executors say - 14 News, WFIE, Evansville, Henderson, Owensboro

Lou Reed's estate worth over $20M, executors say

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NEW YORK (AP) -
Lou Reed's estate is worth over $20 million, and it's bequeathed to his wife - musician Laurie Anderson - and his sister.
Reed's executors value musical rights and various other assets in his estate at $20.3 million in court papers filed Monday in Manhattan.
The sum doesn't include the East Hampton, New York, home Reed bought for about $1.5 million in 2009 or his Manhattan apartment in a building where apartments sell for millions.
Reed's lawyer and one of his executors didn't immediately return calls Tuesday. The filing is part of the legal follow-up to Reed's will, filed in November.
The Velvet Underground frontman and "Walk on the Wild Side" singer died Oct. 27 of complications from a liver transplant. He was 71 and had no children.

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