Blog - Lowthorp Richards

Force Majeure: How It Can Help You Right Now

With our daily lives changing constantly during the current COVID pandemic, unforeseeable circumstances may prevent real estate owners and tenants from being able to complete the duties outlined in their rental contracts. This situation is referred to as Force Majeure, a common clause in contracts that essentially frees both parties from liability or obligation when an extraordinary event or circumstance ...
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Types of Elderly Financial Abuse

Elder financial abuse is a very real situation that can cause immense problems for both the elder being abused and for an entire family in general. The behaviors of the perpetrators can be extremely damaging and may often require the abused to seek legal assistance. If family members contribute to the abuse of an elder, it is suggested that an ...
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The SECURE Act: How it Affects Estate Planning and What to Do

With the introduction of the Setting Every Community Up For Retirement Enhancement (SECURE) Act in effect as of January 1, 2020, new and big changes have been made that affect one large aspect of retirement accounts: the payout process for beneficiaries. Previously, those who inherited someone’s retirement account were able to spread withdrawals from the account over the course of ...
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Why and How to Provide for a Pet In Your Estate Plan

Oh, the burden of setting up an estate plan. With so many steps to take in the process of planning your estate, it can be easy to unintentionally leave some important things out, such as providing for the furry member of your family in your overall plan – your pet ...
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Why It’s Important to Have An Estate Plan If You Are Over 18

If you’re over the age of 18, regardless of financial status or property owned, it’s important to set the measures of an estate plan for health purposes. Estate plans not only allow for finances to be managed in the case of an accident, but they also amount to a number of other important measures that any individual should consider ...
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COVID-19: The Ultimate Guide to Estate Planning

With the COVID-19 pandemic at large and death rates continuing to rise, the US now has more known cases than both China and Italy. During this current crisis, it’s best to remain calm and use this “stay well at home” time to do things you’ve been putting off. One such thing that may be worth considering during this unprecedented situation ...
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Wills vs. Trusts: Which Should You Choose?

Estate planning is a necessity for anyone with finances and property intended to pass on to another person or organization. How to plan your estate, however, is a larger question best answered by this fact: if you plan on leaving anything you own to beneficiaries, you will want to decide between using will or a trust – or potentially both ...
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Red Flags When Purchasing a Home

Purchasing a home can present many issues that must be acknowledged beforehand in order to prevent future issues. While in the process of looking for a home to buy, there are a number of things to look out for financially, psychologically, and physically when viewing any potential home. Red flags can give any homebuyer insight into whether the decision to ...
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Different Types of Real Property Taxes and Fees

Taxes invade almost every aspect of our daily lives and property ownership is no exemption. When investing in such a large asset it is important to understand the different types of real property taxes and fees associated with the purchase. Although the process of buying a home is often handled by a real estate agent, it is important to know ...
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6 Tips For Estate Planning Over The Holidays

For many people, the holidays are some of the few times a year that the entire family is together. Your family members are more relaxed and not as distracted by everyday obligations. It’s a great time to catch up, make memories, and discuss some important matters like estate planning. While it may feel awkward to initiate this kind of conversation, ...
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