The law recognizes two basic ways in which persons may make gratutious gifts of property - by inter vivos gift or by testamentary disposition (or a will):
A good will is a juridical act that is:
(a) Intended to have disposing effect;
(b) Intended not to take effect until after death and to be entirely dependent on death for its operation;
(c) Intended to be revocable (and revocable in fact); and
(d) Executed in accordance with the wills legislation of the appropriate province or territory.