Universal Wealth Preservation Trust Fraud

By J Drew -
A firm called Universal Wealth Management that promised to protect from Inheritance Tax has collapsed risking customers losing their life savings and potentially houses. People had transferred their assets into trusts controlled by Universal Wealth preservation which means they no longer own them. As a result they will avoid IHT but also have no ownership of the assets and rely on the honesty of the the Universal Wealth team to get their homes or savings.

https://www.bbc.co.uk/news/uk-england-suffolk-45829270

Many people were warning about this company as far back as 2014 on the Money Saving Expert forums but were being threatened with legal action to remove their comments. In hindsight it appears that these concerns were valid and should have been heeded.

https://forums.moneysavingexpert.com/showthread.php?p=74916701

Even on my blog I'd warned about Universal Wealth Preservation Trust some months ago

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