You meet with a new client Allan K. His Aunt, Doris died last month. Allan is the Executor of her estate and trustee of the trust created in the will. The trust is for the benefit of Allan's three children, Allan, Jr., Adam and Allayna who are 15, 12 and 8 years old respectively. Doris was always very fond of Allan and Allan's children. Allan has admitted the will to probate and has been issued letters of trusteeship. He has not finished the administration of the estate. He is still trying to determine the location of all of the assets and the amount that is in the estate. Allan believes he will be able to handle the administration of the estate on his own, but is looking for assistance in creating the trust, and administering that trust. Allan gives you the following documents:

1. Last Will and Testament of Doris V
2. Trusteeship Certificate
3. Stock Certificate for Prudential Stock
4. Deed for Doris' property - Allan transferred the property into his name
5. Bank Statement from Ocean Bank
6. Investment Statement from Morgan Stanley
7. Bank Account Statements from Provident Bank

Please answer the following questions:

1. What kind of trust is the trust that will be established?
2. Does Allan have to get a bond in his capacity as Trustee?
3. Who are the beneficiaries of the trust?
4. What part of the estate goes into the trust?