The 71-year-old died Oct. 27 of complications from a liver transplant. He had no children, and his considerable estate will be divided among his immediate family.
The will leaves his
Reed's sister will get about a quarter of the estate and a half-million dollar fund to care for Reed's elderly mother. His accountant and business manager will take care of licensing and looking after his musical catalog, which has seen a commercial resurgence since his death.
Memorials to Reed are deeply moving his fans since his death. Patti Smith's remembrance in the New Yorker is an elegy for an artistically unmatched era in New York and for her friend who was one of its most powerful musicians.