Thank you, but I don't believe that this is a "Grantor Trust".
The trust document states that "the Grantors (my parents) hereby irrevocably assign to Trustee (me) the property described in Schedule A (which includes stocks, savings accounts, and their home)". It further states that "Trustee shall hold, manage, invest and reinvest the Trust Property, collect income therefrom, and distribute net income to Grantors".
My understanding is that a grantor trust is a trust in which the individual who creates the trust is the owner of the assets and property?
