Use this template to prepare an Irrevocable Trust Agreement for the United States, which creates trusts for the benefit of the grantor's adult children. Provision of the agreement include:

• Per stirpes disposition in the event of a beneficiary's death, but if the deceased has no children, the share is distributed to the other beneficiaries.
  
• The net income will be distributed at the end of each calendar quarter. The body of the trust will be paid to the beneficiaries when they reach a specified age.
  
• The grantor cannot borrow any part of the trust property or income without adequate security and interest.
  
• The property or income of the trust cannot be sold for less than adequate compensation.

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