dmertz
Level 15

Get your taxes done using TurboTax

"The first contingent is her living revocable trust and second is me"

 

I'm not sure what "first" and "second" mean in this context.  Each is a 50% beneficiary?  Taxable income paid to the trust would often be passed through to trust beneficiaries to be taxed at the beneficiaries' tax rates, but that really depends on the terms of the trust.