The life insurance policy states my mother as the beneficiary. My parents were divorced when I was a child so the insurance company stated that she is revoked as a benficiary and it automatically goes to my father's estate. My fathers estate was put into a trust fund when I was 13 and was dissolved when I was 24. The insurance company indicated it may need to be reopend in order to payout the policy. What type of taxes will I be having to pay on this? I have a brother so $7,000 will be going to him and $7,000 to me.