Exchange Nat. Bank of Colo. Springs v. Sparkman

Sarah A. Sparkman died intestate in 1972. An heir, Charles Spark-man, commenced an action to have an inter vivos or revocable living trust declared invalid. The validity of the trust was upheld in the trial court. In a series of modified opinions, the court of appeals ultimately held that the trust was invalid because the transfer of certain securities did not comply with the Uniform Stock Transfer Act, C.R.S. 1963, 31-1 l-l, 1 and because of lack of proof of the proper transfer of certain bonds. It further held that these findings deprived the trust of a corpus and, therefore, invalidated…