@melpaw57 wrote:
I am the trustee of an Irrevocable Trust, my parents are the Grantors. The Trust does not name any Beneficiaries, but it does state that the Trustee shall distribute the net income to the Grantors (in quarterly or more frequent installments).
That trust term would make your parents the de facto beneficiaries.
Moreover, an irrevocable trust can most definitely be a grantor trust.
You might want to consult a local tax professional and/or local legal counsel for this matter.
