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.
questions about lead trusts. Why does a lead trust save gift and estate taxes? When you create a lead trust, only the present value of the remainder interest (the amount remaining for your heirs when the trust terminates) will be subject to tax. Example: Mary funds a lead trust with $1,000,000 and stipulates that we are to receive $80,000 per year