Appendix Form #17

• Author: Jerold I. Horn
• Profession: Lawyer
• Pages: 873-885

873

[Irrevocable Trust. Code Section 2503(c) trust. This trust is an example of the specimen

that is described at II.A of Part One of Chapter 13.]

Irrevocable Trust Agreement

Made November 1, 2017.

Article I

Purpose

I, JUDITH J. JONES, of Peoria, Illinois, transfer to JAMES A. JONES, of Peo-

ria, Illinois, as Trustee, ten dollars and other consideration. The Trustee agrees to

administer this property, together with any additions and changes, according to

this instrument.

Article II

Disposition of Trust Estate

Section 2.01. Andrew L. Jones Trust. The Trustee shall set apart the trust estate, in a

separate trust to be known as the “Andrew L. Jones Trust” and to be administered

as provided in this Section.

(A) Distributions. The Trustee shall pay to Andrew L. Jones so much or all,

if any, of the trust estate as the Trustee in its sole and absolute discretion

determines to be advisable from time to time, considering or not considering

resources otherwise available, for any purpose or reason whatsoever, includ-

ing the termination of the trust.

(B) Right to Withdraw at Age Twenty-One. From and after the time Andrew L.Jones

attains twenty-one years of age, the Trustee shall pay to Andrew L.Jones so much

or all, if any, of the trust estate as Andrew L. Jones directs in writing at any time

and from time to time.

(C) Termination. Unless sooner terminated by distribution or expenditure

according to the foregoing, the trust shall terminate upon the death of Andrew

L. Jones, and the Trustee shall distribute the trust estate of the trust to such

one or more appointees, including the creditors and the estate and the credi-

tors of the estate of Andrew L. Jones, in such amounts and portions and

subject to such trusts, terms and conditions as Andrew L. Jones may appoint

by Will specically referring to this power. To such extent, if any, as the trust

Appendix Form #17