i have this problem question regarding formalities i need help with : PROBLEM Syd Sliver hated to pay tax. Accordingly, he took the steps stated below to dispose of some of his sources of income. l. In June 2016, Syd had lent Jim Johns $500,000 for 10 years on the security of an equitable mortgage over Jim's home. On 11 June 2023 at the office of his accountant and in the presence of his son Bill, Syd orally assigned to Bill one-half of his rights under the equitable mortgage. 2. On 22 June 2023, Syd transferred his beach house "Seabreeze" to Tina Thomas as a trustee. As part of the same transaction Syd orally directed Tina to hold "Seabreeze" on trust for his son Robert. Tina has since become the registered proprietor of "Seabreeze". 3. On 23 June 2023, Syd transferred 60 of his 100 shares in Hitek Ltd to Tina Thomas as trustee. She became registered as the owner of the shares on the following day. On 30 June 2023, Syd orally directed Tina to hold the 60 shares on trust for his daughter Helena. 4. Later the same day, Syd declared that he would hold his remaining 40 shares in Hitek Ltd on trust for his daughter Louise. He sent an email to Louise telling her of his declaration. 5. At the last minute, Syd also decided that he should deal with his beneficial interest underthe trust established by his father. Syd rings his son James, and tells him, "I now hold my interest as beneficiary under the Sliver family trust for you." The sole asset of the trust is a rural property known