When a father tried to reclaim a $1.5m condo given to son

Do not take the creation of trust lightly as it is meant to protect the interest of its beneficiaries only. PHOTO: ISTOCKPHOTO
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SINGAPORE - It is common for relatives to stake claims on family assets, but few people will go as far as an embittered man suing his former wife and son to reclaim a $1.5 million condominium by alleging that a law had been broken.

He alleged that the condo was bought under a “sham” arrangement aimed at evading taxes.

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