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.
1 Trusts can last for your child's lifetime, or even longer if the trust can pass to her children. 2  Odds are the trust may outlive your trustee. 3  However, you can't name a successor trustee that may not take over for 30 years. 4  Because of this, consider naming a professional trust manager as successor trustee.art 1 of 3: Preparing to Set Up the Trust. 1. Identify who the trust is intended to benefit. As the trust grantor, you may want to establish a trust to create wealth for future generations, pay educational expenses, or make sure a disabled child or grandchild is cared for in case something happens to you.