Norman invested $120,000 in a 2 year certificate of deposit at the First Bank of Bouregard just around the corner from where he lived in a trailer. He put the title to the CD as follows: Norman Waites, Payable on Death (POD) to Jacky Jumper. Jacky did not know about this. She was a waiter at the Greasy Spoon, the only restaurant in Bouregard. Norman always wanted to talk to her but he was just too shy to do so. Did Norman make a gift to Jacky that was subject to the federal gift tax when he made the designation? (explain why or why not)