Some trust fund beneficiaries try to claim that the trust fund should be treated the same as a gift from the grantor, which is not guaranteed to occur. But, a trust fund is different, in that it is usually established as an irrevocable gift. The discretion provided to the trustee and restrictions on access to the trust are irrelevant. Even when a trust fund is revocable, the baseline assumption is that the money will be distributed as provided for in the trust document.