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.
Where an inter vivos trust does not distribute taxable income in the year in which it is earned, the trustee of the trust will usually be required to pay tax on that income at the highest marginal rate - 45% (S99A ITAA36).However, in a testamentary trust this may not be the case.Where the tax year in which the accumulation occurs ends within three years of the death of the willmaker, the trustee may be taxed at usual adult tax rates, not a flat 45%.owever, in a testamentary trust this may not be the case. Where the tax year in which the accumulation occurs ends within three years of the death of the willmaker, the trustee may be taxed at usual adult tax rates, not a flat 45%.