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A number of years back my husband and I signed wills and revocable trusts because we had minor children. The children are now young adults. We aren't super wealthy but there could potentially be more worth than we think young inexperienced persons should have at their disposal should something unexpected happen so we have the trust named as the contingent beneficiary on our retirement accounts. Someone said that it is a bad idea to have a trust be the beneficiary of an IRA or other retirement account citing taxation rates of a trust as the reason it was a bad idea.

Can anyone provide information that would help me better understand the pros and cons here?
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