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.
and, upon the settlor's death, the corpus of the trust is included in the. settlor's gross estate for Federal estate tax purposes.2 Virginia inheri-. tance tax will be imposed on the corpus of such a trust on the death of. the settlor,8 and no gift tax is imposed as a result of the trust's creation.