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.
Therefore, by transferring your assets to an irrevocable living trust, the value of those assets are not subject to the estate tax, since you no longer have an ownership interest once the asset transfer is complete. Revocable trusts donât provide estate tax savings due to your continuous ownership of the trust assets.