The uneasy rumblings regarding Universal Trustees Limited (also known as Universal Wealth Preservation, Universal Tax Solutions and Universal Asset Protection Ltd) have been growing louder and louder over recent months. We have been dealing with a number of clients who have set up trusts with this company or had Wills written with them including assisting in dealing with trusts and in regaining control of assets including their family homes.
As BBC Radio 4’s Money Box Programme made clear, Universal were an unregulated company which leaves their clients much more exposed than the clients of solicitors firms because the latter are strongly regulated.
Universal Asset Protection has now gone into compulsory liquidation, its trade premises have been closed for several months and the website has been taken down. Clients of the company have received no response to their correspondence from Universal regarding their trusts or their documents. If you are a client of Universal then you need to act now. Take independent legal advice and consider your options in regaining control of your assets and your documents.
Coole Bevis’ specialist trust adviser Alex Bowers can review your trust and Will arrangements and advise you as to your options. Call 01273 722532 or email firstname.lastname@example.org to set up a consultation.