Read the full judgment text of FCMC 10564/2009 on BabelCite. This Family Court judgment was delivered on 3 April 2014 before H.H. Judge Bruno Chan.
Matrimonial causes – Ancillary relief – Resulting trust – Marital assets – Property dispute – Beneficial interest – Trust for sister – Husband's means – Sister's funding – Equal division of proceeds – Husband claimed Flat 811 held in trust for sister to preserve Home Ownership Scheme eligibility – Court found Husband lacked financial means to purchase property at the time – Sister had means and need – Presumption of resulting trust applied – Flat 811 excluded from marital pool – Sale proceeds of former matrimonial home to be divided equally – Costs reserved
Legal issues: Beneficial interest in Flat 811
Outcome: Husband has no beneficial interest in Flat 811; sale proceeds of former matrimonial home to be divided equally
Cited by 5 cases