Frequently Asked Questions:

When should I think about getting a trust?

Anyone over the age of 18 with any assets should be thinking about a trust, and have a basic will at the very minimum. For people with minor or disabled children OR assets of over $150,000 or real estate, a trust is essential.

What is a living trust?

A trust is a contract between the manager of property (Trustee) the original owner (Grantor/Settlor/Trustor) and the beneficiaries of property. It tells the manager what to do and how to do it. It also sets forth the Trustee's power and limitations and directs when and how income and property should or must be distributed to the beneficiaries. In a modern trust, YOU can be the creator AND the Trustee AND the beneficiary. While it may sound silly for you to give yourself property to manage for your own benefit, the law views this as you having given your property away and owning nothing yourself (which is not really the case) which results in cost savings and added protections for your family.

A "living" trust is a trust created for you while you are alive and well, and continues after your death.

What are the benefits of a trust?

Avoiding probate, control, money savings, reduced family squabbles, and time savings are all benefits of a living trust.

How much does a trust cost?

It can vary quite a bit based on the complexity and your attorney. The average trust package costs about $2,500.

Why should I call you versus using some other online trust service?

First, customization. Your trust will be built to fit your specific needs, not some generic version that doesn't give you full protection. Mr Perdue is very skilled at finding creative solutions to your family's unique situation.

Second, a personal touch. You will have confidence in your decision after the first phone call. You will work directly with Michael G Perdue to create your trust and he will be just a phone call away to answer your questions.

Most people don't read the fine print on those do-it-yourself websites that are advertised so frequently on the radio and TV. Not only do you get some generic doesn't-fit-your-family trust, but the fine print instructions on these websites that tell you to have the trust reviewed by a qualified attorney before signing, which will cost as much or more than having that attorney start from scratch!