24 Aug 2017
CHU WAI TUNG v. WONG KA SEK AND ANOTHER
- Citation
- CHU WAI TUNG v. WONG KA SEK AND ANOTHER
- Court
- Court of First Instance
- Case number
- HCB4839/2016
The Living Trust Agreement did not create any present beneficial interest in the son; its terms expressly vested enjoyment of trust assets in the grantors/trustees during their lifetimes and only contemplated distribution on their deaths, so the son held at best a future/reversionary interest; consequently the Property formed part of the bankrupt's estate and the trustees' decision was correct, warranting dismissal of the summons.