Friday, November 20, 2009
Newscaster Lou Dobbs has reportedly accepted $8 million to terminate his contract with CNN early as a result of CNN's dissatisfaction with Dobbs' lack of reporting neutrality. From an estate planning perspective, Dobbs is increasing the size of his estate by agreeing not to work, an investment option many would likely seize.
See Michael Shain, Source: CNN wanted Lou out, N.Y. Post, Nov. 16, 2009.
Special thanks to David S. Luber (Attorney at law, Florida Probate Attorney Wills and Estates Law Firm) for bringing this article to my attention.