Alligator is a genus in the order Crocodilia. There are two living species: the American alligator and the smaller Chinese alligator. Together with the caimans, the gharials, and the crocodiles, they make up the order Crocodilia. The first alligators existed about 37 million years ago.
Or, a Trust is established to benefit the individual who creates the Trust (the Trustor), generally for purposes of avoiding the probate process upon death. The person who benefits from the Trust is called the beneficiary. When a beneficiary passes away, the Trust document will set forth what happens next.
So here's a quick summary of what a trust is, and why someone would create one in the first place. A trust is an agreement in which one person (the settlor) agrees to transfer property to another (the trustee) who manages that property for the benefit of someone else (the beneficiary).The settlor must legally transfer ownership of the assets to the trustee of the trust.he trust -- in the person of the trustee -- becomes the new legal owner, and the trustee becomes the new manager. The most common kind of trust is a living trust, created to avoid probate court proceedings when the settlor dies. With most living trusts, the settlor is also the first trustee and beneficiary.