⚖️ Trust details
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Names and contact information have been changed.
| Created: | At bride and groom’s wedding. |
| Settlors: | Each guest. |
| Property: | Packaged, wrapped and carded wedding gifts. |
| Intent: | Bride and groom to receive and open packaged, wrapped and carded gifts. |
| Beneficiaries: | Bride and groom. |
| Trustees: | Bride’s parents. |
| Purpose: | To hold property on behalf of the beneficiaries. |
| Powers: | No discretion and no active duties other than to transfer the property to the beneficiaries when requested. |
| Function: | Merely the nominee of the beneficiaries. |
| Terminates: | Upon transfer of title and property to the bride and groom; else upon return of property to each guest. |