Here in California, a house left by our mother in a Trust, is to be sold and funds split between my siblings and myself, (approx. $60K each). What are my tax ramifications? Will this be taxed at a different rate? Will it be considered earned income? As you can see, I am at a total loss of what to expect. Any help would be appreciated.

This money is considered inherited income. The amount in question is too small for estate taxes, and it is EXEMPT from state and federal income taxes.

There may be a California death tax, but I do not think so.