what is the take away for Gift vs Bequest?

Generally speaking:

Are gifts normally taxed once by the recipient or donor?

Bequests are taxed annual and upon transfer (double tax)?

which in most cases the gift is a better method correct?

Depends if there are wealth transfer taxes and estate taxes and who pays them

Transfering assets to someone

While Alive - “Gift”

Through your Will/when you are dead - “Bequest”

Ahh forgot about that. yes that is the key difference.