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.
Income Taxation of Trusts and Estates Income Taxed to Either Entity or Beneficiary â If income is accumulated and not deemed distributed, it is taxed to the trust or estate â If income distributed: â¢ Trust gets deduction for amount of distribution â¢ Beneficiary accounts for income distributed on his own tax return