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I currently have a Living Trust which includes my taxable investment account, checking account, house, and car. My children, grandchildren, or extended family are the beneficiaries in that order.

I met with a financial rep yesterday (about another matter) when he mentioned I have estate issues which should be addressed. He said my estate could save taxes by having multiple trusts, I guess named differently? Of course he wants to have a look at my fiancial statements...currently I do my own investments, a situation which I'm positive he would like to change.

But I am curious if my attorney and CPA have missed something in the tax laws about trusts, IRA's and how to get around paying out so much in estate taxes through making up multiple trusts. So David, you have any answers to this one?

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