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.
There are two basic categories of living trusts: 1  A revocable trust may be changed or terminated by the grantor of the trust. The settlor may reserve the right to take back any trust property and remaining revenues. 2  An irrevocable trust can't be changed or terminated without the consent of the beneficiaries.