Balazick v. Ireton

MONTGOMERY, Judge:

This is an appeal from an order directing appellee to return certain funds to appellant but imposing a trust thereon in favor of appellee. Because we find the imposition of a trust to be in error, we affirm in part and reverse in part.1

Appellant is the mother of appellee and four other children. In the spring of 1980, appellant and her husband Charles purchased five repurchase agreements (repos) from the First National Bank of Wheeling, each in the face amount of $54,000.00. Three of the repos were in the name of Charles and one of the children; the remaining two were placed…