Calculating efficiency over a period of time can identify opportunities to reorganize staffing, or add or remove employees based on the company's volume of business, and an individual employee's long-term productivity can factor into merit increases and bonuses.
While trusts avoid probate, they don't avoid taxes. A transfer from a revocable trust will be taxed the same way as a transfer made through a will. Someone who inherits money from a revocable trust receives it tax-free, but the estate might have to pay estate tax on everything that it contains before distributing it.
An inheritance tax is also a tax on the assets of a decedent. However, the amount of tax depends on the beneficiariesâ relationship to the decedent and the value of the property inherited. Inheritance tax is owed to the state (if the state has an inheritance tax) where the decedent lived.state Tax. An estate tax is a tax on the gross value of an estate transferred at death. It consists of an accounting of everything the decedent owns or has certain interests in at the date of death.