Is A Deed of Separation Always Foolproof and Ironclad?

Is A Deed of Separation Always Foolproof and Ironclad? Article By: PracticeForte Advisory Affiliate Ms. Susan Tay of OTP Law Corporation 4 October 2016Will a Deed of Separation, usually signed some years ago, be binding when parties finally start their divorce? Those are questions few ask because they just assume the answer to be “Of course!” It is not.Divorces can be messy and the couple in a recent Court of Appeal (“CA”) case of AUA v ATZ tried to avoid this by entering into a Deed of Separation.  In the end, the CA held that some of the terms in the Deed are in fact not binding.This is their story.Ukrainian lady working in Germany and German gentleman working in Singapore…

0 Comments

Re Claims on Property

Claims on Property Article By: PracticeForte Advisory Affiliate Ong Ying Ping Q: If a married couple with no children were co-owners of an HDB flat and one spouse passes on, how should the family members of the deceased spouse go about laying claim to the flat against the surviving spouse? Can they even do that?A: That depends on whether the HDB flat was owned under joint tenancy or tenancy-in-common. Under joint tenancy, each co-owner’s share is undivided. Put another way, that owner’s share cannot be willed away. Thus, should one of the co-owners pass on, his/her interest in the flat would automatically be passed on to (lawyers call this “vested in”) the surviving co-owner. This is known as the right…

0 Comments

Re HDB Ownership

HDB Ownership Article By: PracticeForte Advisory Affiliate Ong Ying Ping  Q: My parents and I are co-owners of a HDB flat under joint tenancy. We would like to change the holding type to tenancy-in-common, as well as increase my proportion of shares. Is this allowed? How do we go about it?A: Yes. If there are two or more co-owners or a HDB flat, you may change the holding type of your flat – either from joint tenancy to tenancy-in-common, or vice versa.Once you are holding the flat under tenancy-in-common, the proportion of shares held by each co-owner can be changed. This can be done without monetary consideration. In the re-distribution of proportion of shares, the total must add up to…

0 Comments

Article on PracticeForte Garden Revelry

PracticeForte's Garden Revelry Our Garden RevelryThe 5th of August 2016 was the celebration of PracticeForte’s first birthday since its incorporation. We called it Our Garden Revelry.We celebrated with guests and affiliates from PracticeForte Advisory this year. Future affiliates (who just joined us on 15th Nov 2016) like Ms June Lim, Mr Andrew Ho and Ms Low Seow Ling, lawyers of Eden Law Corporation, were also present.From April to August 2016, in that span of 3 over months, our affiliates grew from two firms to five firms, three individual members to ten, when Mr Edward Ta said yes to us at our Garden Revelry and joined Mr Wan Yew Fai as a consultant in Strix Strategies Pte Ltd.Now back to the party….“Our…

0 Comments
Close Menu