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Inheritance

How Do I Dissuade My Children From Relying on Inheritance in North Palm Beach?

By Kitroser Lewis & Mighdoll |

One of the most common fears for high-net-worth parents is the “curse of inheritance.” The theory is that if you leave your children your fortune, they will become overreliant on your assets without achieving anything or building their own wealth. By the third generation, your wealth could be completely gone. How do you prevent… Read More »

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Can an Estate Planning Lawyer in Stuart Help Me Protect My Wealth From a Recession?

By Kitroser Lewis & Mighdoll |

If you’re concerned about the possibility of an upcoming recession (or even a depression), you might wonder how an estate planning lawyer can help you protect your wealth. Various estate planning strategies can help you accomplish this goal, and you might want to discuss the options in more detail with a Stuart estate planning… Read More »

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Can I Force My Family Member to Run My Business After I’m Gone?

By Kitroser Lewis & Mighdoll |

If you have spent most of your life building a successful business from the ground up, you might want a family member to “take the reins” after you’re gone. But what if your family member shows little interest in running the business? Is there any way to force your loved one to take on… Read More »

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Can I Control My Child’s Finances After They Turn 18?

By Kitroser Lewis & Mighdoll |

If your child is about to turn 18, you might be concerned about the loss of control you’ll experience over their finances. Perhaps your child is going off to college. Maybe your child has special needs or behavioral issues that require close supervision. Is there any way to gain control over your child’s finances… Read More »

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Can I Pass on My Passive Income in a North Palm Beach Estate Plan?

By Kitroser Lewis & Mighdoll |

Passive income is something that some people strive for their entire lives. If you have a portfolio that provides you with excellent passive income, you might want to leave behind this financial security for your loved ones. How easy is it for your loved ones to inherit your passive income system? Can a North… Read More »

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What Happens if I Give Power of Attorney to My Adult Child Before I Become Incapacitated?

By Kitroser Lewis & Mighdoll |

If you are approaching your twilight years and your adult child is trying to convince you to create a power of attorney in Stuart, you might wonder whether this is truly a good idea. What could go wrong? Why do you even need a power of attorney in the first place? Can your adult… Read More »

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What Happens to the Assets Left Outside My Trust in Palm Beach County?

By Kitroser Lewis & Mighdoll |

If you have a trust or you’re planning to create one, you may have heard that a pour-over Will can be helpful. This estate planning tool ensures your trust offers you maximum asset protection. But is it really necessary in Florida? To answer this question, you’ll need to carefully assess your unique financial situation,… Read More »

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Collectibles and Artwork: How to Add Them to High-Net-Worth Estate Plans in North Palm Beach

By Kitroser Lewis & Mighdoll |

According to recent statistics, collectors around the globe hold trillions of dollars worth of fine art and collectibles. This number continues to expand, and high-net-worth individuals are discovering both the joys and rewards of building their collections. If you own collectibles and artwork, you might be curious about how these pieces will fit into… Read More »

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My Senior Keeps Escaping From Their Nursing Home in North Palm Beach: What Can I Do?

By Kitroser Lewis & Mighdoll |

In 2025, CBS 12 reported that a lost elderly woman was found wandering in North Palm Beach. Authorities had no idea where she came from, and it is likely that she was struggling with cognitive decline or dementia. These stories are all too common, and seniors often become lost in this manner after “escaping”… Read More »

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Estate Planning in Palm Beach County: What Happens if One Spouse Dies Before the Other?

By Kitroser Lewis & Mighdoll |

According to the National Institutes of Health (NIH), you are likely to die relatively quickly after your spouse passes away. The scientific community calls this the “widowhood effect.” Due to this effect, the mortality rate among elderly individuals is up to 90% during the first three months of widowhood. While this means that spouses… Read More »

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