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

Lou Reed's estate worth over $20M, executors say
FILE - In this Sunday, Aug. 9, 2009 file photo, Lou Reed performs at the Lollapalooza music festival, in Chicago. Punk-poet, rock legend Lou Reed is dead of a liver-related ailment, his literary agen said Sunday, Oct. 27, 2013. He was 71. (AP Photo/John Smierciak, File)
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.