[talky]

CPF is a different animal simply because of Constitution. That's why it's important to be sure that your CPF nominees and form of transfer is correct. This is especially so if you have more than 1 marriage or that you have some change of heart as to who you want to bestow your CPF to.

Joint account can be contested if the creditor manage to get an order to freeze the account and go after the bankrupt (who has passed on) to repay the debt. That's likely why finance guy said it's contestable.

But most of such stuff is applicable or the worries of the rich. 

Lots of other waya for the rich to structure stuff such that they can be bankrupted yet their family will be well taken and nothing can be done to them...

U HV PUT ACROSS A VALID PT,GD DISC
TO BEAT THE BANKRUPTCY IMPLICATION
OF COURSE B4 MADE BANKRUPT,THEY AGREED THE OTHER JOINT ACCT HOLDER WITHDRAW N CLOSED THE ACCT ENTIRELY