- 48 - GFLP and not on whether there was consideration for the alleged transfer to GFLP. The requirements for a valid inter vivos gift under Oklahoma law are: (1) Donative intent; (2) actual delivery of the subject matter of the gift; (3) the relinquishment by the donor of all ownership, dominion, and control over the subject matter of the gift; and (4) acceptance of the gift by the donee. Estate of Davenport v. Commissioner, supra at 1183, 1186; Stinchcomb v. Stinchcomb, 674 P.2d 26, 30 (Okla. 1983); Frazier v. Okla. Gas & Elec. Co., 63 P.2d 11, 13 (Okla. 1936). The transfer by gift must be “gratuitous and irrevocable and go into immediate and absolute effect”. Fox v. Kramer (In re Estate of Estes), 983 P.2d 438, 445 (Okla. 1999); Courtney v. First Natl. Bank, 569 P.2d 458, 460 (Okla. 1977); Davis v. Natl. Bank of Tulsa, 353 P.2d 482, 486 (Okla. 1960). In order to establish an inter vivos transfer by gift after the death of the alleged donor, the proponent of the gift must introduce evidence that is “clear, explicit, and convincing as to every element.” Fox v. Cramer (In re Estate of Estes), supra at 445; see also Stinchcomb v. Stinchcomb, supra at 30; Shepherd v. Wood (In re Estate of Griffin), 599 P.2d 402, 404 (Okla. 1979); Davis v. Natl. Bank of Tulsa, supra at 486; Barry v. Phillips, 329 P.2d 1042, 1043 (Okla. 1958); Ratcliff v. Lee, 192 P.2d 843, 845 (Okla. 1948).Page: Previous 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 NextLast modified: November 10, 2007