Have you been affected by the demise of Universal Wealth Preservation (also known as Universal Tax Solutions and Universal Asset Protection) businesses which deal with Wills, Trusts and Asset Protection?

Earlier this year Universal Asset Protection entered compulsory liquidation, their website has been taken down and their property had been vacated prior to their compulsory liquidation.  As a result, their clients have been unable to contact them or any of their subsidiary companies.  Many clients are seeing letters, calls and emails go unanswered.

This has been featured in the news recently on BBC’s Money Box programme on Radio 4.  Hill & Abbott have been contacted by a number of people concerned about Universal Wealth Preservation and the impact on them.  If you have Wills, Trusts or other arrangements in place with Universal Wealth Preservation and you need advice, please contact Clare Moreton on 01245 258892 and see how we can help you.

For more information on Universal Wealth Preservation and to see if may be affected please read STEP article here.

You may be affected if you have:

  1. A Will – if you do not hold the original Will you will need to make a new one without delay
  2. Probate – where Universal Wealth Preservation are appointed as Executors – The Probate Registry will accept a Section 116 application to appoint new executors
  3. LPA’s – you will need to make new LPA’s if members of Universal Wealth Preservation are Trustees
  4. Property – If Universal Wealth Preservation are Trustees on the original Trust Deed they will need removing

Many Universal Wealth Preservation clients will need the related business Universal Trustees Ltd to sign forms that release them as Trustees.  This application can only be made by a Solicitor, who will need to make a written request for up-to-date contact details to be released.  We can help with this.

Clare Moreton, a member of STEP is available to provide you with Free Initial Advice.

Call Clare on: 01245 253 280

Email Clare at: clare.moreton@hill-abbott.co.uk.