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The delivery of a gift may be symbolical, as where the donor gives to the donee a symbol which represents possession.
Decedent wrote out and delivered to respondent, his wife, a paper which declared "I give this day to my wife . . . 500 shares of . . . stock." Six days after the paper was given to respondent, decedent died. The gift was contested by other family members upon decedent's death alleging the paper did not gift the stock to respondent because there existed no delivery.
Under the circumstances, was there a valid gift made between the decedent husband and the respondent wife?
The court held the paper given to respondent effectively voluntarily transferred the stocks to respondent without any consideration or compensation therefor. Thus, a gift was made. The court further held the donor intended to gift the stock to respondent and good constructive or symbolic delivery was made upon the giving of the paper to respondent.