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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).
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