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We propose, to encourage transparent and surviving-family-member-friendly asset transfer in the future, a contest for the best examples of trust agreements and trust formation documents, with a cash prize for the best trust formation document template(s) and associated clauses in sample wills. The award may be shared among winning entries. The winning firms or law students will also be featured on trustplanning.com
The document should be open annotated to explain problem areas and opportunities. The document should ideally be designed for use in any of the 50 states.
Some ideas and resources:
Send us your suggestion:s for the competition, the list of areas to be judged on, and resources for ideal trust formation documents.