Lou Reed leaves estate to his wife, sister

Laurie Anderson and Lou Reed attend the 2011 Rolex Mentor & Protege Arts Initiative at the David H. Koch Theater, Lincoln Center on November 14, 2011, in New York City. Henry S. Dziekan III/Getty Images

Rocker Lou Reed's life was decidedly unconventional, but he wanted his estate used for a very traditional purpose: to benefit his wife and other relatives.

Reed's will was filed Monday in a New York City court. 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.

The will leaves his Manhattan penthouse, his home in East Hampton, N.Y., and the bulk of his estate to his wife, musician Laurie Anderson. The longtime couple married in 2008.

Reed's sister inherits about a quarter of his estate and a $500,000 bequest aimed at caring for their mother.

His business manager and accountant are assigned to handle licensing and copyrights for his music.

Last week, Reed's widow wrote a touching tribute to the late star: "Lou was a tai chi master and spent his last days here being happy and dazzled by the beauty and power and softness of nature...Lou was a prince and a fighter and I know his songs of the pain and beauty in the world will fill many people with the incredible joy he felt for life. Long live the beauty that comes down and through and onto all of us."

  • CBS News Staff

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