Court rejects father’s claim that $4.9m house held in trust for son was a ploy to avoid ABSD

Philippines News News

Court rejects father’s claim that $4.9m house held in trust for son was a ploy to avoid ABSD
Philippines Latest News,Philippines Headlines
  • 📰 straits_times
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 69%

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

straits_times /  🏆 5. in SG

Philippines Latest News, Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Fewer foreigners bought condos in Q2 after ABSD doubled; Americans the largest buyer groupFewer foreigners bought condos in Q2 after ABSD doubled; Americans the largest buyer groupAmericans overtook the Chinese as the largest group of foreign buyers in the second quarter of 2023. Read more at straitstimes.com.
Read more »

No authorisation for interfaith marriages, Indonesia’s Supreme Court saysNo authorisation for interfaith marriages, Indonesia’s Supreme Court saysThe decision quashed hope that the state will allow and facilitate interfaith marriages. Read more at straitstimes.com.
Read more »

Bukit Batok resident hangs sheets at badminton court, CCKTC advises residents to dry laundry at homeBukit Batok resident hangs sheets at badminton court, CCKTC advises residents to dry laundry at home'We hope everyone can exercise consideration in the use of common spaces, and keep the estate a clean and pleasant place for all,' the town council said.
Read more »

Hong Kong court sentences man to 3 months jail for insulting national anthemHong Kong court sentences man to 3 months jail for insulting national anthemHONG KONG: A Hong Kong court sentenced a man to three months imprisonment on Thursday (Jul 20) for allegedly insulting China's national anthem by splicing a protest song onto a video clip of a Hong Kong athlete being presented a gold medal at the Tokyo Olympics. Magistrate Minnie Wat said a deterrent sente
Read more »

Spanish court starts new probe against Colombian singer Shakira for alleged tax fraudSpanish court starts new probe against Colombian singer Shakira for alleged tax fraudThe latest case is linked to alleged fraud on income and wealth tax in 2018. Read more at straitstimes.com.
Read more »

Spanish court starts probe against singer Shakira for alleged tax fraudSpanish court starts probe against singer Shakira for alleged tax fraudMADRID - A Spanish court said on Thursday it has started a new investigation against Colombian singer Shakira linked to alleged fraud on income and wealth tax in 2018. The court in the north-eastern town of Esplugues de Llobregat, near Barcelona, did not provide further...
Read more »



Render Time: 2025-03-15 07:40:31