97TH GENERAL ASSEMBLY
State of Illinois
2011 and 2012
HB3603

 

Introduced 2/24/2011, by Rep. Michelle Mussman - Emily McAsey

 

SYNOPSIS AS INTRODUCED:
 
New Act

    Creates the Family Trust Act. Makes findings and defines terms. Creates the Illinois Family Trust Board of Trustees to provide services or support to persons with disabilities who are residents of Illinois or one of the 8 states adjacent to Illinois. Provides for payments for a beneficiary that supplement, but do not replace, services and support provided by State and federal government programs and which do not cause any reduction, impairment, or diminishment of government benefits. Provides for trust accounts, individual first party trust accounts, individual third party trust accounts, stand-by trusts, charitable trust accounts, separate trusts, and distributions. Provides for distributions upon the death of a beneficiary, administration of the Illinois Family Trust, and related matters.


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FISCAL NOTE ACT MAY APPLY

 

 

A BILL FOR

 

HB3603LRB097 06449 AJO 46531 b

1    AN ACT concerning family trusts.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 1. Short title. This Act may be cited as the Family
5Trust Act.
 
6    Section 5. Findings. The General Assembly hereby finds and
7declares the following:
8        (1) It is an essential function of State government to
9    provide basic support and services for certain persons with
10    disabilities.
11        (2) Many persons with disabilities lack financial
12    resources and must rely upon the government to provide
13    services and support.
14        (3) It is in the best interest of the State and is
15    necessary and desirable for the public health, safety, and
16    welfare to encourage, enhance, and foster the ability of
17    individuals with disabilities who reside in Illinois or who
18    reside in one of the 8 states adjacent to Illinois, and in
19    the best interests of their families and friends to
20    supplement, but not replace, the services and support
21    provided by State government and other governmental
22    programs.
 

 

 

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1    Section 10. Maximum benefit. In light of the findings and
2declarations described in Section 5, the General Assembly
3hereby declares that contributions to a trust account
4administered as part of the Illinois Family Trust by the
5Illinois Family Trust Board of Trustees as authorized in this
6Act, shall in no way reduce, impair, or diminish the benefits
7to which the beneficiary of the trust account is otherwise
8entitled by law, nor shall the administration of the Illinois
9Family Trust or any trust account therein be taken into
10consideration in determining appropriations for programs or
11services for persons with disabilities, and unless otherwise
12prohibited by federal statutes or regulations, all State
13agencies shall disregard the trust account as a resource when
14determining the eligibility of a resident for assistance.
 
15    Section 15. Definitions. As used in this Act:
16    "Beneficiary", also referred to as "life beneficiary",
17means a person who:
18        (a) has been determined to have a disability or to be a
19    disabled person;
20        (b) is a resident of Illinois or one of the 8 states
21    adjacent to Illinois; and
22        (c) is the person designated as the sole, primary
23    beneficiary of a trust account administrated as part of the
24    Illinois Family Trust by the Board of Trustees.
25    "Board of Trustees", "Board", or "Illinois Family Trust

 

 

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1Board of Trustees" means the body corporate and instrumentality
2of the State, established as the Illinois Family Trust Board of
3Trustees pursuant to Section 20.
4    "Charitable trust account" means an account established
5and administered as part of the Illinois Family Trust for the
6benefit of disabled individuals, as provided in Section 50.
7    "Co-trustee" means a person designated by the settlor to
8act together with the trustee as co-trustee of a trust account.
9    "Department" means the Department of Public Health.
10    "Disability" means:
11        (a) a mental or physical impairment that substantially
12    limits one or more major life activities, whether the
13    impairment is congenital or acquired by accident, injury,
14    or disease, and where the impairment is verified by medical
15    findings; or
16        (b) as is defined in Section 1614(a)(3) of the Social
17    Security Act, 42 U.S.C. 1382c(a)(3).
18    "Life beneficiary" or "beneficiary" means a designated
19beneficiary of the Illinois Family Trust.
20    "Illinois Family Trust" or "Trust" means the trust
21established and administered by the Board of Trustees, as
22trustee, pursuant to this Act.
23    "Net income" means the earnings received on investments
24less administrative expenses and fees.
25    "Principal balance" means the fair market value of all
26contributions made to a particular account, less

 

 

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1distributions, determined as of the end of the calendar month
2immediately preceding the occurrence giving rise to any
3determination of principal balance.
4    "Remainder beneficiary" means the person designated to
5receive the applicable portion of the principal balance of a
6trust account remaining after the death of the beneficiary.
7    "Restricted account" means an account established and
8administered as part of the Trust for the benefit of a person
9with a disability.
10    "Standby trust" means the trust established upon
11distribution of a trust account by the Board of Trustees
12pursuant to a notice of withdrawal or termination.
13    "Trust account" means an account established and
14administered as part of the Illinois Family Trust for the
15benefit of a beneficiary.
16    "Trustee" means the Board of Trustees acting in its
17capacity as trustee of a trust account, the charitable trust
18account, or a restricted account.
 
19    Section 20. Illinois Family Trust.
20    (a) There is hereby created the Illinois Family Trust,
21which shall be a body corporate and an instrumentality of the
22State, and which shall be incorporated as a not-for-profit
23corporation pursuant to the General Not For Profit Corporation
24Act of 1986. The Illinois Family Trust is authorized to apply
25for and qualify for recognition as an exempt organization

 

 

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1pursuant to Section 501(c)(3) of the United States Internal
2Revenue Code of 1986, as amended.
3    (b) The Board of Trustees of the Illinois Family Trust
4shall consist of 9 members who are natural persons appointed by
5the Governor with the advice and consent of the Senate. The
6members' terms of office shall be 3 years and until their
7successors are appointed and qualified. The Board shall be
8composed of the following:
9        (1) Three members of the immediate family of persons
10    who have a disability of mental illness. The Department's
11    State Advisory Council for Comprehensive Psychiatric
12    Services shall submit a panel of 9 proposed members of the
13    Board to the Governor, from which the Governor shall
14    appoint 3. One shall be appointed for a term of one year,
15    one for 2 years, and one for 3 years. Thereafter, as the
16    term of a member of the Board appointed under this Section
17    expires each year, the State Advisory Council for
18    Comprehensive Psychiatric Services shall submit to the
19    Governor a panel of not less than 3 nor more than 5
20    proposed members of the Board of Trustees, and the Governor
21    shall appoint one member from such panel for a term of 3
22    years;
23        (2) Three members of the immediate family of persons
24    who have a developmental disability. The Department's
25    Illinois Planning Council for Developmental Disabilities
26    shall submit a panel of 9 proposed members of the Board to

 

 

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1    the Governor, from which the Governor shall appoint 3. One
2    shall be appointed for a term of one year, one for 2 years,
3    and one for 3 years. Thereafter, as the term of a member of
4    the Board appointed under this Section expires each year,
5    the Illinois Planning Council for Developmental
6    Disabilities shall submit to the Governor a panel of not
7    less than 3 nor more than 5 proposed members of the Board
8    of Trustees, and the Governor shall appoint one member from
9    such panel for a term of 3 years; and
10        (3) Three persons recognized for their expertise in
11    general business matters and procedures. Of the 3 business
12    persons to be appointed by the Governor, one shall be
13    appointed for one year, one for 2 years, and one for 3
14    years. Thereafter, as the term of a member of the Board of
15    Trustees appointed under this subdivision expires each
16    year, the Governor shall appoint one business person as
17    member for a term of 3 years.
18    (c) As used in paragraphs (1) and (2) of subsection (b) of
19this Section, "immediate family" includes spouse, parents,
20parents of spouse, children, spouses of children, and siblings.
21    (d) No member of the Board of Trustees shall receive
22compensation for services as a member of the Board. The Board
23shall reimburse the members of the Board for necessary expenses
24actually incurred in the performance of their duties.
25    (e) The Board of Trustees shall be subject to the
26provisions of this Act and is considered a public governmental

 

 

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1body.
2    (f) The Board of Trustees shall annually prepare or cause
3to be prepared an accounting of funds administered by the Board
4and shall transmit a copy of the accounting to the Governor,
5the President of the Senate, and the Speaker of the House of
6Representatives.
7    (g) The Board of Trustees shall establish policies,
8procedures, and other rules and regulations necessary to
9implement the provisions of this Act.
10    (h) The Board of Trustees is authorized to advise, consult
11with, coordinate and render services to those departments,
12agencies, political subdivisions, and governmental
13instrumentalities of Illinois and of the states adjacent to
14Illinois, and those nonprofit organizations that qualify as
15organizations pursuant to Section 501(c)(3) of the United
16States Internal Revenue Code of 1986, as amended, that provide
17services or support to persons with disabilities who are
18residents of Illinois or one of the states adjacent to
19Illinois.
20    (i) The assets of the Board of Trustees shall not be
21considered State money, assets of the State, or revenue for any
22purposes of the State Constitution or statutes. The property of
23the Board of Trustees and its income and operations shall be
24exempt from all taxation by the State or any of its political
25subdivisions.
26    (j) No trustee, co-trustee, or successor co-trustee

 

 

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1serving pursuant to the provisions of this Act shall at any
2time be held liable for any mistake of law or fact, or of both
3law and fact, or errors of judgment, nor for any loss sustained
4as a result thereof.
 
5    Section 25. Trust accounts.
6    (a) Trust accounts, restricted trust accounts, and the
7charitable trust account shall be held and administered in
8trust as the Illinois Family Trust. The charitable trust
9account, the restricted accounts, and the trust accounts shall
10each be maintained in trust as separate accounts, but may be
11pooled for purposes of investment and management.
12    (b) The Board of Trustees shall act as the trustee of the
13Illinois Family Trust. The Board of Trustees, as trustee, shall
14administer the Illinois Family Trust pursuant to the provisions
15of this Act and pursuant to the policies, procedures, rules,
16and regulations of the Board of Trustees.
17    (c) In addition to the powers and duties granted to the
18Board pursuant to this Act in its capacity as trustee of the
19Trust, the Board shall have all powers granted to trustees
20acting under the Trusts and Trustees Act; provided, that
21provisions of that Act regarding the duty to inform and report
22to the beneficiaries shall not apply to the Trust, except as
23specifically mandated in this Act.
 
24    Section 30. First party trust account.

 

 

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1    (a) A beneficiary who is a person with disabilities as
2defined in Section 1614(a)(3) of the Social Security Act 42
3U.S.C. 1382c(a)(3), or the parent, grandparent, or legal
4guardian of a beneficiary, or a court, as settlor, may
5contribute assets of the beneficiary in trust to the Board as
6Trustee, for the benefit of the beneficiary as part of a pooled
7trust described by 42 U.S.C. Section 1396p(d)(4)(C). Upon such
8contribution, the settlor's completion and execution of trust
9documents provided by the trustee, and the trustee's review,
10approval and execution of the trust documents, a trust account
11for the beneficiary shall thereby be created. A trust account
12to which the assets of a beneficiary are contributed shall be
13referred to as a "first party trust account" and shall be held
14and administered in trust for the benefit of the beneficiary.
15    (b) The settlor may designate a co-trustee, and a successor
16or successors to the co-trustee, to act together with the
17trustee as trustees of the first-party trust account; provided
18that the beneficiary may not act as a co-trustee or successor
19co-trustee; and provided further that court approval of the
20beneficiary, co-trustee, or successor trustee shall be
21required in connection with any first party trust account
22created pursuant to this Section.
23    (c) If the Board determines, in its good faith judgment,
24that a co-trustee has breached his or her fiduciary duties,
25either as a result of an act of commission or omission, then
26the Board may, by written notice to such co-trustee, remove

 

 

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1such co-trustee and may appoint a successor co-trustee or serve
2as sole trustee.
3    (d) At the death of the beneficiary, the Board of Trustees
4shall provide notice that the trust account has terminated to
5each state of which the Board of Trustees has knowledge that
6such state has provided medical assistance on behalf of the
7beneficiary under a state plan for medical assistance under
8Title 42 of the United States Code. After distribution of 25%
9of the principal balance of the trust account to the charitable
10trust account, the Board of Trustees shall pay over and
11distribute to such states all amounts remaining in the trust
12account up to an amount equal to the total medical assistance
13paid by such states on behalf of the beneficiary under the
14state plan for medical assistance under Title 42 of the United
15States Code. In the event that the beneficiary has received
16medical assistance from more than one state with claims on the
17proceeds for reimbursement of medical assistance payments
18under Title 42 of the United States Code and there are
19insufficient assets to pay the entire balance due to each state
20then the proceeds shall be distributed to each state on a pro
21rata basis based upon each state's proportionate share of the
22total medical assistance paid by all states.
23    (e) To the extent any amounts remain in the trust account
24after distribution to the charitable trust account and the
25State or states for state reimbursement claims, the remainder
26shall be distributed to such person, entities, or organizations

 

 

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1designated as remainder beneficiaries by the settlor in the
2trust documents. If any individual remainder beneficiary named
3by the settlor is not then living, then in the absence of
4contrary instruction in the trust documents completed by the
5settlor, such remainder beneficiary's distribution shall be
6made to such remainder beneficiary's heirs-at-law, as
7determined by the laws of the state of the beneficiary's
8residence at the time of the beneficiary's death.
 
9    Section 35. Third party trust account.
10    (a) Any person, as settlor, except a beneficiary or a
11beneficiary's spouse, may contribute assets not including
12assets of the beneficiary or the beneficiary's spouse in trust
13to the Board of Trustees as trustee, for the benefit of the
14beneficiary. Upon such contribution, the settlor's completion
15and execution of trust documents provided by the trustee, and
16the trustee's review, approval and execution of the trust
17documents, a trust account for the beneficiary shall thereby be
18created. A trust account to which assets that do not include
19assets of a beneficiary or of a beneficiary's spouse are
20contributed shall be referred to as a "third party trust
21account", and shall be held and administered in trust for the
22benefit of the beneficiary as provided in this Section.
23    (b) The settlor may designate a co-trustee, and a successor
24or successors to the co-trustee, to act together with the Board
25of Trustees as trustee of the third party trust account;

 

 

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1provided that the beneficiary or the beneficiary's spouse may
2not act as co-trustee, or successor co-trustee; and provided
3further that court approval of the beneficiary, co-trustee, or
4successor trustee shall be required in connection with any
5third party trust account created pursuant to this Section.
6    (c) If the Board determines, in its good faith judgment,
7that a co-trustee has breached his or her fiduciary duties,
8either as a result of an act of commission or omission, then
9the Board may, by written notice to such co-trustee, remove
10such co-trustee, appoint a successor co-trustee, or serve as
11sole trustee.
12    (d) At the death of the beneficiary, the Board of Trustees
13shall promptly determine the principal balance of the trust
14account and, after payment of any expenses of the beneficiary
15as the Board may authorize and all fees and expenses of the
16Board, shall distribute to the persons, entities, or
17organizations designated by the settlor as remainder
18beneficiaries in the trust documents:
19        (1) an amount equal to 100% of the principal balance if
20    the beneficiary shall not have received any benefits
21    provided by use of trust account income or principal; or
22        (2) an amount equal to 75% of the principal balance if
23    the beneficiary shall have received any benefits provided
24    by use of trust account income or principal; and
25        (3) any principal not distributed pursuant to the
26    provisions of subdivision (2) of subsection (d) of this

 

 

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1    Section, and any undistributed income shall be distributed
2    to the charitable trust account established pursuant to the
3    provisions of Section 45;
4        (4) if any individual remainder beneficiary named by
5    the settlor is not then living, then in the absence of
6    contrary instructions in the trust documents completed by
7    the settlor, such remainder beneficiary's share shall be
8    distributed to such remainder beneficiary's heirs-at-law,
9    as determined by the laws of the state of the beneficiary's
10    residence at the time of the beneficiary's death.
11    (e) Notwithstanding the provisions of subsection (d) of
12this Section to the contrary, the settlor may voluntarily agree
13that a smaller percentage of the principal balance in any trust
14account established by such settlor than is provided in
15subsection (d) of this Section be distributed to the remainder
16beneficiaries designated in the trust documents; and that a
17corresponding larger percentage of the principal balance in
18such trust account be distributed either to the charitable
19trust account or to a designated restricted account within the
20charitable trust account.
 
21    Section 40. Settlor.
22    (a) The settlor of a revocable third party trust account or
23the co-trustee of a revocable third party trust account if
24authorized by the settlor in the trust documents, upon written
25notice to the Board and with the Board's consent may, from time

 

 

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1to time, withdraw such part of the trust account as the settlor
2or such authorized co-trustee may determine; provided,
3however, neither the settlor nor such authorized co-trustee may
4withdraw an amount that when aggregated with all withdrawals
5within the prior 12 months shall reduce the remaining principal
6balance of the trust account below the greater of the amount
7due the Board, if the trust account had terminated at the time
8of such withdrawal or the minimum amount required by the Board,
9from time to time, for an account.
10    (b) The settlor of a revocable third party trust account or
11the co-trustee of a revocable third party trust account if
12authorized by the settlor in the trust documents, upon written
13notice to the Board and with the Board's consent may revoke and
14terminate the trust account. Upon receipt of such notice, the
15Board shall promptly determine the principal balance of the
16trust account and after payment of all fees and expenses of the
17Board shall distribute:
18        (1) In the case of revocation and termination by the
19    settlor:
20            (A) an amount equal to 100% of the principal
21        balance to the settlor if the beneficiary shall not
22        have received any benefits provided by use of trust
23        account income or principal; or
24            (B) an amount equal to 75% of the principal balance
25        to the settlor if the beneficiary shall have received
26        any benefits provided by use of trust account income or

 

 

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1        principal; and
2            (C) any principal not distributed pursuant to the
3        provisions of items (A) and (B) of this paragraph (1)
4        of subsection (b) of this Section, and any
5        undistributed income to the charitable trust account.
6        (2) In the case of revocation and termination by an
7    authorized co-trustee:
8            (A) an amount equal to 100% of the principal
9        balance shall be distributed to the trustees of the
10        standby trust, if the beneficiary shall not have
11        received any benefits provided by use of trust account
12        income or principal, to be held, administered, and
13        distributed in accordance with the provisions of
14        subsection (h) of this Section; or
15            (B) an amount equal to 75% of the then principal
16        balance shall be distributed to the trustees of the
17        standby trust, if the beneficiary shall have received
18        any benefits provided by use of trust account income or
19        principal, to be held, administered, and distributed
20        in accordance with the provisions of subsection (h) of
21        this Section; and
22            (C) any principal not distributed pursuant to the
23        provisions of paragraph (B) of this paragraph (2), and
24        any undistributed income shall be distributed to the
25        charitable trust account.
26    (c) The trustee or trustees of the standby trust shall

 

 

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1hold, administer, and distribute the principal and income of
2the standby trust, in the discretion of such trustee, for the
3support, health, education, and general well-being of the
4beneficiary during the beneficiary's life, recognizing that it
5is the purpose of the standby trust to supplement, not replace,
6any government benefits for the beneficiary's basic support to
7which such beneficiary may be entitled and to increase the
8quality of such beneficiary's life by providing the beneficiary
9those amenities which cannot otherwise be provided by public
10assistance or entitlements or other available sources.
11Permissible expenditures include, but are not limited to, those
12described in subdivision (2) of Section 45.
 
13    Section 45. Administration. Each first party trust account
14and third party trust account shall be held and administered in
15trust as follows:
16        (1) The Board of Trustees shall hold, administer, and
17    distribute the principal and income of the trust account,
18    in the discretion of the trustee, in consultation with the
19    co-trustee, for the health, education, and general
20    well-being of the beneficiary, recognizing that the
21    purpose of the trust account is to supplement, not replace,
22    any government benefits for the beneficiary's basic
23    support to which such beneficiary may be entitled.
24        (2) Expenditure of trust account funds shall be made
25    solely for benefit of the beneficiary, to increase the

 

 

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1    quality of the beneficiary's life by providing those
2    amenities that cannot otherwise be provided by public
3    assistance or entitlements or other available sources.
4    Permissible expenditures include, but are not limited to,
5    dental, medical, and diagnostic work or treatment that is
6    not otherwise available from public benefits or
7    assistance; private rehabilitative training; supplementary
8    education aid; entertainment; periodic vacations and
9    outings; expenditures to foster the interests, talents,
10    and hobbies of the beneficiary; and expenditures to
11    purchase personal property and services that will make life
12    more comfortable and enjoyable for the beneficiary, but
13    that will not defeat his or her eligibility for public
14    benefits or assistance. The Trustee, with consultation of
15    the co-trustee, may make payments for a person to accompany
16    the beneficiary on vacations and outings and for the
17    transportation of the beneficiary or of friends and
18    relatives of the beneficiary to visit the beneficiary.
19        (3) Expenditures of trust account funds shall not be
20    made for the primary support or maintenance of the
21    beneficiary, including basic food or shelter, if, as a
22    result, the beneficiary would no longer be eligible to
23    receive public benefits or assistance to which the
24    beneficiary is then entitled.
25        (4) The co-trustee, with consent of the Trustee, shall
26    not less frequently than annually determine the amount of

 

 

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1    income or principal which may be used to provide noncash
2    benefits and the nature and type of benefits to be provided
3    for the beneficiary. Any net income which is not used shall
4    be added to the principal annually.
5        (5) In the event that the Trustee and the co-trustee
6    shall be unable to agree either on:
7            (a) the amount of income or principal to be used;
8            (b) the benefits to be provided; or
9            (c) the administration of the trust account, then
10        the co-trustee shall have the right to appeal the
11        decision of the trustee in accordance with the rules
12        and regulations established by the Board.
 
13    Section 50. Charitable trust account.
14    (a) The Board of Trustees shall establish a charitable
15trust account for the benefit of individuals with disabilities.
16    (b) The Board of Trustees shall accept contributions to the
17charitable trust account at the termination of trust accounts
18and other contributions from donors in accordance with policies
19and procedures adopted by the Board of Trustees.
20    (c) The Trustees shall as necessary determine the amount of
21income and principal of the charitable trust account to be used
22to provide benefits for individuals with disabilities.
23Benefits provided shall only be those that have no negative
24effect on the individual's entitlement to government benefits.
25Any income not used to provide benefits shall be added to the

 

 

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1principal annually.
2    (d) Any person with the consent of the Board of Trustees
3may establish a restricted account within the charitable trust
4account and may determine, with the consent of the Board of
5Trustees, the class of individuals eligible to be recipients of
6funds from the restricted account, so long as the eligible
7recipients are individuals with disabilities as defined in
8Section 15.
 
9    Section 55. Fees.
10    (a) The Board may establish and collect fees for
11administering trust accounts established pursuant to the
12provisions of this Act.
13    (b) The Board shall establish policies and procedures for
14providing periodic reports to the co-trustees of each trust
15account established pursuant to the provisions of Section 30 or
1635.
17    (c) No beneficiary shall have any vested or property rights
18or interests in any trust account, nor shall any beneficiary
19have the power to anticipate, assign, convey, alienate, or
20otherwise encumber any interest in the income or principal of
21any trust account.
22    (d) The income or the principal or any interest of any
23beneficiary in the trust account shall not be liable for any
24debt incurred by such beneficiary, nor shall the principal or
25income of any trust account be subject to seizure by any

 

 

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1creditor or any beneficiary under any writ or proceeding in law
2or in equity.
3    (e) Except for the right of a settlor to withdraw from or
4revoke any revocable trust account under Section 40, and the
5right of any acting co-trustee, other than the original
6settlor, to withdraw all or a portion of the principal balance
7of a revocable trust account under Section 40, neither the
8settlor nor any acting co-trustee shall have the right to sell,
9assign, convey, alienate, or otherwise encumber, for
10consideration or otherwise, any interest in the income or
11principal of the trust account. The income or the principal or
12any interest of any beneficiary of a revocable trust account
13shall not be liable for any debt incurred by the settlor or any
14acting co-trustee, nor shall the principal or income of the
15trust account be subject to seizure by any creditor of any
16settlor or any acting co-trustee under any writ or proceeding
17in law or in equity.
 
18    Section 60. Distributions.
19    (a) Distribution to a distributee may be made to the
20distributee or to a person holding a power of attorney properly
21executed by the distributee in accordance with the law of the
22place of execution, or to the distributee's personal
23representative, guardian, or conservator.
24    (b) Distribution may be made to the trustees of a trust
25account established pursuant to this Act if the court finds

 

 

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1that such distribution qualifies as a life beneficiary as
2defined in Section 15 and that such distribution would be in
3the best interest of the distributee.
 
4    Section 65. Protectee.
5    (a) If the court finds that the establishment of a trust
6would be in the protectee's best interest, the court may
7authorize the establishment of a trust account for the benefit
8of a protectee pursuant to this Act if it finds that the
9protectee qualifies as a life beneficiary as defined in Section
1015, or the court may authorize the establishment of such trust
11for the benefit of a protectee.
12    (b) A trust account established pursuant to this Act will
13be in the best interest of the protectee, notwithstanding the
14fact that a sum not exceeding 25% of the principal balance as
15defined in Section 15 will be distributed to the charitable
16trust account of the Illinois Family Trust as prescribed by
17Section 30.