Knowledge & Insights

In our April 2020 article (Is the Money Mine? – Issues Arising from a Joint Bank Account), we wrote of how the courts rely on presumptions such as those of resulting trust and advancement in their determination of ownership of monies in a joint account, in particular, where one of the account holders is deceased. In these instances, the courts’ approach is first to discern the intention of the parties in light of the surrounding facts and circumstances, and if they are unable to do so, to then apply relevant presumptions.

But would it make a difference if the joint account holders are alive and able to speak for themselves?

In this article, we examine this issue in the light of recent cases handed down by the Singapore courts.

If you would like information and/or assistance on the above or any other area of law, you may wish to contact the Partner at WongPartnership whom you normally work with or any of the following Partners:

SIM Bock Eng
Head – Specialist & Private Client Disputes
d +65 6416 8108
e bockeng.sim@wongpartnership.com
Click here to view Bock Eng’s CV.

Vincent HO
Partner – Specialist & Private Client Disputes
d +65 6416 6878
e vincent.ho@wongpartnership.com
Click here to view Vincent‘s CV.