Legacy Planning â Dynasty Trust. A dynasty trust is a long-term trust created specifically to benefit descendents of multiple generations. It offers both tax and nontax advantages because it makes the most of the generation-skipping transfer (GST) tax exemption.
B. Anatomy of the Operating Expense Provision. 1. General Statements of Intent. a) Landlord: âThe parties acknowledged that this is a net lease, and the fixed rent set forth above is intended to be payable to the Landlord net of all costs and expenses of ownership and operation of the Building.â b) Tenant.
Why it Matters: Operating expense is a key component in the calculation for operating income, and operating income is a crucial component of many financial measures.The lower a company's operating expenses are, the more profitable it generally is.hy it Matters: Operating expense is a key component in the calculation for operating income, and operating income is a crucial component of many financial measures.