Brunton v. International Trust Co.

164 P.2d 472, 114 Colo. 298, 1945 Colo. LEXIS 155
CourtSupreme Court of Colorado
DecidedNovember 5, 1945
DocketNo. 15,442.
StatusPublished
Cited by20 cases

This text of 164 P.2d 472 (Brunton v. International Trust Co.) is published on Counsel Stack Legal Research, covering Supreme Court of Colorado primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Brunton v. International Trust Co., 164 P.2d 472, 114 Colo. 298, 1945 Colo. LEXIS 155 (Colo. 1945).

Opinion

Mr. Justice Jackson

delivered the opinion of the court.

This case involves the construction of two trust agreements, in one of which the International Trust Company is trustee, the United States National Bank ap *300 pearing in the other in that capacity. Two distinct, and wholly unrelated questions, are involved and, except for the circumstances hereinafter noted, they might have been presented in separate cases, even as we have disposed of two other questions involving these trusts in separate proceedings. Brunton v. International Trust Co., 90 Colo. 48, 6 P. (2d) 460, and United States National Bank of Denver, Trustee v. Brunton, 112 Colo. 442, 150 P. (2d) 297.

The first question presented to the trial court involves solely the trust in which the International Trust Company appears as trustee. The second point involves the right of Carville Joseph Brunton, adopted son of John D. Brunton, to take under either trust. Some of the parties and their counsel, who appear on opposite sides on one point, join in presenting one side of the argument on the other point.

Although .David W. Brunton is the donor in the International Trust Company agreement, dated July 1, 1923, and Katharine K. Brunton is the donor in the United States National Bank agreement, dated August 29, 1927, it is ¡conceded that it was the assets of the former that constituted the bulk of the corpus of both trusts as well as that of still another trust set up in New York City with the National Bank of Commerce of New York as trustee, under date of September 1, 1927 (which the Bruntons referred to as “Brunton Trust No. 2). The value of the original corpus of each of the three trusts exceeded $400,000.

The two Colorado trusts, very similar in their main outline, were created for a period to cover the lives of various members of the Brunton family and twenty-one years after the death of the last survivor thereof. Trust No. 1 (International) included the lives of the donor, David William, in the first generation, three of his four children (excluding John D.) in the second generation, and seven grandchildren in the third generation. Trust No. 3 (United States National) covered the lives of *301 Katharine K., the donor, and her husband, David William, in the' first generation, all four of their children in the second generation, and six grandchildren in the third generation (one grandchild having died subsequent to the execution of Trust No. 1 and prior to'the execution of Trust No. 3). All six. members of the first two generations are now deceased.

The first point involved in the present proceeding arose when, after the death of Harold J. Brunton, who was one'of the sons of David and Katharine, the International Trust Company, as trustee under Trust No. 1, alleging that there was a conflict as to the present disposition of the income which Harold J. Brunton had formerly been receiving during his lifetime, asked for an interpretation of the provisions of the trust agreement bearing on this question, the pertinent paragraphs of which read as follows:

“Article IV. Section 2 (a). During the natural life of Katharine K. Brunton, the wife of David William Brunton, forty per cent (40%) of the net income arising from the trust shall be paid by the trustee in the manner hereinbelow directed, to the said Katharine K. Brunton.
“ (b). Upon the death of the said Katharine K. Brunton, the income to which she would have been entitled if living, shall be paid by the trustee to the lines of Frederic K. Brunton, John D. Brunton, Harold J. Brunton and Marion B. Shanklin, respectively, share and share alike, or the survivors or survivor thereof.”
“Section'6 (b). Upon the death of the said Harold J. Brunton, the income to which he would have been entitled if living, shall be paid, one-half thereof to his widow, Lillian Brunton (if she and her husband have not separated during his lifetime), during her natural life, and the remaining one-half thereof per stirpes, to his lawful issue; or if there be no such issue then living, then to the lines of Frederic K. Brunton, John D. Brunton and Marion B. Shanklin, respectively, share *302 and share alike, or to the survivors or survivor thereof. After the death of the said Lillian Brunton, the share to which she would have been entitled if living, shall be paid per stirpes to the lawful issue of said Harold J. Brunton. If upon the death of said Harold J. Brunton there be no such lawful issue living or, if living, extinction thereof should occur prior to the termination of this trust, such income of the said Harold J. Brunton shall be paid to the lines of Frederic K. Brunton, John D. Brunton and Marion B. Shanklin, respectively, share and share alike, or to the survivors or survivor thereof.”

The Lillian Brunton to whom reference is made in section 6 (b), supra, was, at the time of the execution of the trust agreement, the wife of Harold J. Brunton and the mother of all of his children. She subsequently was divorced from him, and both parties have since remarried. She now, as Lillian H. Glessner, disclaims any interest either in this proceeding or under any provisions of the trust. Jessie T. Brunton, Harold J. Brunton’s second wife, now asserts the right to take the income as his surviving widow. - Other beneficiaries under the trust, and particularly the children of Harold J. Brunton, contest this right.

The trial court found that: “As to the contention of Jessie T. Brunton, * * * she does not come within the provisions of the International Trust Company trust [known as 'The Brunton Trust’] so as to entitle her to receive during her lifetime one-half of the income which her husband, Harold J. Brunton, was entitled to receive during his lifetime, because, although his widow at the time of his death, the founders of the trust specifically designated Lillian Brunton, who, under the terms of the' trust, cannot qualify and therefore said income the Court holds should, from the time of the death of Harold J. Brunton, go to the lawful issue of his line.”

Jessie T. Brunton contends that as the widow of Harold J. Brunton she is entitled to one-half the income which he was receiving during his lifetime, and that *303 the words “Lillian Brunton” are mere surplusage. After a study of the trust agreement and the cases upon which her counsel rely, we have reached the conclusion that this contention is untenable.

Our impression is that, had the founders of the trust intended that any widow who survived Harold J. Brunton should take, they would have said so, as they did in Brunton Trust No. 3 (the United States National Trust) and not referred to any one person by name. The cases upon which counsel relies are of this character, including Williams v. Fundingsland, 74 Colo. 315, 221 Pac. 1084, 63 A.L.R. 77, where the beneficiary is designated, not by name, but by description or status. We have held in Moore v. Hendley, 97 Colo. 258 (p. 261), 48 P.

Free access — add to your briefcase to read the full text and ask questions with AI

Related

v. Spalding Rehabilitation
2019 COA 93 (Colorado Court of Appeals, 2019)
McClain v. Taylor
904 P.2d 1316 (Supreme Court of Colorado, 1995)
Matter of Estate of Jenkins
904 P.2d 1316 (Supreme Court of Colorado, 1995)
First Interstate Bank of Denver v. Taylor
890 P.2d 188 (Colorado Court of Appeals, 1994)
Johnson v. Johnson
829 P.2d 457 (Colorado Court of Appeals, 1991)
Matter of Trust Created by Belgard
829 P.2d 457 (Colorado Court of Appeals, 1991)
May v. United States
756 P.2d 362 (Supreme Court of Colorado, 1988)
Matter of Estate of Daniels
665 P.2d 594 (Supreme Court of Colorado, 1983)
Ayres v. King
665 P.2d 594 (Supreme Court of Colorado, 1983)
Rouse v. McDonough
622 P.2d 106 (Colorado Court of Appeals, 1980)
Johnson v. Johnson
291 N.W.2d 776 (South Dakota Supreme Court, 1980)
Radiology Professional Corp. v. Trinidad Area Health Ass'n
577 P.2d 748 (Supreme Court of Colorado, 1978)
Burns v. Burns
454 P.2d 814 (Supreme Court of Colorado, 1969)
Hutchinson v. Elder
344 P.2d 1090 (Supreme Court of Colorado, 1959)
Holter v. First National Bank & Trust Co. of Helena
336 P.2d 701 (Montana Supreme Court, 1959)
Miller v. First National Bank & Trust Co.
323 P.2d 885 (Montana Supreme Court, 1958)

Cite This Page — Counsel Stack

Bluebook (online)
164 P.2d 472, 114 Colo. 298, 1945 Colo. LEXIS 155, Counsel Stack Legal Research, https://law.counselstack.com/opinion/brunton-v-international-trust-co-colo-1945.