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.
Inheritance Tax is a tax on the estate (the property, money and possessions) of someone whoâs died. Thereâs normally no Inheritance Tax to pay if either: the value of your estate is below the Â£325,000 threshold; you leave everything to your spouse or civil partner, a charity or a community amateur sports club