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My stepfather who passed had a living trust where I was named as the successor trustee. My mother passed several years ago so he was single at the time of his death. He didn't have many assets - a SUV, some coins, bank account, 50K life insurance policy, a few other items - no more than $100K (including insurance) I would estimate and all part of the trust.
His trust specifies that 1 person gets $5K, a non-profit gets $5K and than the balance s is split between my brother and I.
1) I understand a tax return needs to be filed for the trust, does one need to be filed for my stepfather too or is it all part of the trust? (If it matters my stepfather main source of income was social security)
2) What is taxable as part of the trust?
3) Anything else I should know?