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.
Share on Facebook. When you create a simple living trust to avoid probate, you must decide who to name as your âsuccessor trustee.â Itâs an important decision; this is the person who will take charge of the trust assets after your death, or sooner if you someday become incapacitated and unable to manage things yourself.