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  • FIRST POST
    • happyhero
    • By happyhero 31st Mar 14, 1:16 PM
    • 1,059Posts
    • 48Thanks
    happyhero
    help please with Universal Wealth preservation Trust
    • #1
    • 31st Mar 14, 1:16 PM
    help please with Universal Wealth preservation Trust 31st Mar 14 at 1:16 PM
    Hi my mother is fretting over a scheme she has just paid for, one of those things where they tell you to take out a trust to protect yourself from inheritance tax so that that you can pass on more to your family rather than the tax man. She thought it was great at first but is now having doubts as to whether it is worth the money and does she really need it etc. I went to the first seminar with her and was with her for when they came round to arrange the trust she needed. She picked stage 2 and it came to £4000.

    Has anybody got any experience of these people or similar schemes?

    Once in the trust your property and savings/investments are protected from tax and any other attack basically.

    Both the seminar talker and the guy who came round have a bunch of qualifications in finance/investment and legal stuff, the seminar talker was a non practicing solicitor, i.e he used to be a solicitor before he did this.

    I like to think I am not easily swayed or taken in and both guys seemed nice genuine people plus I felt what they said made sense. I understood it all but my mother was worried that she did not. She feels all control will be taken away as they put the house and everything in trust whereas the way they do it is protect it in the trust and my mother becomes the boss for want of a better word and makes the decisions as to what will happen with everything, i..e who inherits what etc. Plus this way the property cannot be taken for things like care fees.

    I thought it was a good thing but my mother is now thinking of backing out and I must admit if she keeps being against it it does start to make me have doubts even though I was sure about it up till now.

    Can anybody tell me what they think or what would be brilliant if somebody has had this for a while and what their experience and thoughts of it are?
Page 7
    • metrobus
    • By metrobus 17th Apr 17, 10:52 PM
    • 1,333 Posts
    • 655 Thanks
    metrobus
    Thanks guys and the BBC for bringing this companies activities to our attention.
    • Doc N
    • By Doc N 18th Apr 17, 6:41 AM
    • 6,042 Posts
    • 18,937 Thanks
    Doc N
    Ironic, isn't it - the way these people's attempts to stop the BBC and others from publicising the problems with these companies have backfired on them and made this excellent thread even more visible on Google than it already was!

    If Steven Long's watching (which I strongly suspect he is), here's a couple of words for you - Streisand Effect. It might help you.


    https://en.wikipedia.org/wiki/Streisand_effect
    • jimjames
    • By jimjames 18th Apr 17, 9:24 PM
    • 11,693 Posts
    • 9,985 Thanks
    jimjames
    BBC Care home fee avoidance by Universal Wealth trust
    We consider that the content of the programme presented a very one sided version of events, was misleading and did not show this company or the wide range of professional services it offers in the correct light.
    Originally posted by UniversalWealthP
    So are you denying that you send out marketing leaflets as per the example on the BBC website? Has the BBC fabricated a leaflet as yours when it's not? Why do you claim to provide a service to avoid care home fees on your leaflets then deny it afterwards?

    http://www.bbc.co.uk/news/business-39589083

    Remember the saying: if it looks too good to be true it almost certainly is.
    • racey
    • By racey 19th Apr 17, 9:26 AM
    • 104 Posts
    • 32 Thanks
    racey
    Universal operates nationwide and employs a team of highly experienced and qualified lawyers, accountants and tax specialists to provide expert advice.
    Originally posted by UniversalWealthP
    It's unusual , I think, for legal companies to have a website that has no "meet the team" list of employees. No employee is mentioned by name, not even Mr. Long its sole director.
    It would provide some reassurance, when contemplating using this company, if there was some reference to the team that are providing expert advice together with details of their experience and qualifications.
    There's a "meet our consultants" box on the main page but no link.
    It's a website that anyone can set up offering a service that anyone can purport to provide.
    Last edited by racey; 19-04-2017 at 9:29 AM.
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