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Let's say the primary and secondary beneficiaries on the mutual funds are identical to what's in the trust. By naming the trust as a secondary beneificary the lawyer would act as a middle man and take a hefty cut, don't you think ?

I think that would be the case only if the lawyer were the trustee or executor, as well as being the lawyer who drew up the trust.
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My trust is set up to have a lawyer as the trustee. I intend to name the trust as beneficiary for my taxable accounts but I'm looking to have my IRAs stretched out by naming the beneficiaries to handle it themselves. I suspect my lawyer would liquidate the IRA's and payoff the beneficiaries or he might even stretch it our over time and make money off the trust on a yearly basis. I'm thinking the best approach is not to name the trust as beneficiary for my IRAs. Any thoughts ?
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