Should a K-1 be issued? Probably. The tax rate for an estate or trust can be pretty steep. But if the tax has already been paid on this $1200 for each year then I don't know if I would bother amending a return for it. As the income was under $3300 it should have been a fairly reasonable amount of tax and you can also deduct any expenses to reduce the tax liability.
If you haven't done 2025 yet then go ahead and include the K1s for this year and let the heirs pay the taxes. One of the other things that a K1 does is provide transparency to those involved.
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