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.
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1 The Bronx (Bronx County) is New York City's northernmost borough and the only New York City borough with a majority of it a part of the mainland United States. 2  It is the location of Yankee Stadium, home of the New York Yankees, and home to the largest cooperatively owned housing complex in the United States, Co-op City.ew York City is home to hundreds of cultural institutions and historic sites, many of which are internationally known. Museum Mile is the name for a section of Fifth Avenue running from 82nd to 105th streets on the Upper East Side of Manhattan, in an area sometimes called Upper Carnegie Hill.