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.
Keith W. Michon, P.C. â Revocable Trusts. When you die, your original last will and testament is filed with the probate court. The executor is then appointed and the will subsequently probated through a formal court process. In contrast, the revocable living trust can begin to benefit you while you are still alive. Since the trust is revocable, you can still make changes to address your unique situation.