Court rejects father’s claim that house held in trust for son was a ploy to avoid ABSD
SINGAPORE - A 26-year-old man whose parents set up a trust for a $4.9 million house which was to be transferred to him when he turns 40, will be able to get the property immediately after he succeeded in his court bid to terminate the trust.
In a written judgment on Friday, Judicial Commissioner Goh Yihan ruled in favour of the son, concluding that the trust deed was a genuine document that was meant to benefit Mr Alistair Lau. In 2021, the couple’s relationship turned rocky. Madam Sng filed for divorce while Mr Richard Lau moved to a Lorong Ah Soo flat.
Madam Sng did not object to his application. She agreed with her son that she and her husband had created the trust to gift him a legacy property while they were still alive. He claimed that their lawyer advised them that the trust could easily be “collapsed” after four years and that the couple could “take back” the property if they wanted.
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