When a grantor fails to complete the formalities associated with setting up a trust, a valid trust is not created (see Gaines v City of New York et.al, 137 AD3d 673,674 [1st Dept 2016]). Where no valid trust was created, any transfer into or out of the putative trust is null and void (Fasano v DiGiacomo, 49 AD3d 683,685 [2d Dept 2008]).