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Which facts distinguish an outright lifetime gift, a declaration of trust, a transfer to trustees and a testamentary disposition?
Why can a lifetime trust take effect immediately even when the beneficiary’s enjoyment is postponed?
What evidence shows that a disposition is intended to take effect only on death and therefore requires will formalities, rather than taking effect immediately?
Why can an ineffective gift not be reclassified as a trust without evidence of an intention to create a trust?
How does classifying a disposition determine the applicable formalities and constitution rules?
How should a note stating that a friend is to receive a painting only on the donor’s death be classified when the donor keeps the painting, and which formalities and constitution rules determine whether it is effective?
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