Lou Reed left a multimillion-dollar fortune to his wife musician Laurie Anderson, only sister and elderly mother, according to his will that was filed in Manhattan Surrogate’s Court Monday.
Anderson, 66, was bestowed their $1.5 million, three-bedroom Hamptons home, their West 11th Street apartment, all of his personal property including jewelry, clothing, art, cars and boats, his touring company Sister Ray Enterprises, plus 75 percent of his estate according to the New York Post.
Reed's younger sister Margaret Reed Weiner, 66, of Merrick, Long Island, received the other 25 percent of his fortune.
The New York Post reports that Anderson dies the money will transfer entirely to Margaret and her three children, all of whom live in Brooklyn and Manhattan.
“It all stays in the family,” said the rocker’s attorney, James Purdy in an interview with the Post.
Reed earmarkd $500,000 for the care of his mother Toby, 93, who also lives in Nassau County.
“It is my hope and desire, without imposing any legal obligation, that my said sister will use a portion of this cash bequest to help care for our mother, Toby Reed, for the balance of her life,” Reed wrote in his will.