help please with Universal Wealth preservation Trust

ColdIron · 13 March 2017 at 2:16PM

Might have

Malthusian · 13 March 2017 at 3:04PM

shortcroft wrote: »

I posted as Athenaia2016:

I applied to the Trustees (Melanie and Steve Long) to have my parent's Trusts wound up several months ago and have been given the run around by them. Last month I was advised in writing that Steven Long was seriously ill. However I have also been advised by another Trust beneficiary in a similar situation that he is in another country.

Having read Reaper's link to a BBC article at post #24, I think both explanations are equally plausible.

dunstonh · 13 March 2017 at 3:29PM

All pretty much standard IHT/Nursing Home avoidance tactics, much of which would probably achieve the desired end if done at the right time.

The trust/product cannot be put in place with the purpose of being outside of the means test for local authority care. It has to be a coincidence. i.e. Absolutely fine that it is done for an IHT need. And if that happens to make it exempt from the means test as well then that is just luck rather than planning. If it is planned on the basis of the means test then it is wrong and would be deprivation of assets and potentially benefit fraud.

fergies_army · 13 March 2017 at 3:43PM

Interesting that a number of posters to this thread have been contacted by MSE after universal wealth have been in touch. I wonder if the fact this thread comes up first on google before their own website has something to do with that!!

Reaper · 13 March 2017 at 3:50PM

Apparently I am not allowed to say whether I have been contacted. :whistle:

fergies_army · 13 March 2017 at 4:14PM

Well I guess now is a good time to provide an update on my mothers dealings with Universal Wealth.

After the sale of her house as previously posted they didn't release the funds to her. After my posts on here and her employing a solicitor and barrister (at great cost) suddenly they started to send money to her account!

Eventually all her money was returned to her. She never got a real explanation why it took 3 months and a barrister to contact them for it to be released (I have my suspicions why).

She is now left with a large legal bill but at least no longer penniless or homeless !!

dunstonh · 13 March 2017 at 4:21PM

I just realised that I have also been told that I cannot say that I have been contacted either.

fergies_army · 13 March 2017 at 4:23PM

There is not going to be many people left on MSE forums that Universal Wealth haven't complained about soon!!!

cloud_dog · 13 March 2017 at 4:39PM

So, if I understand correctly... The OP had posted their situation on here regarding Universal Wealth looking for other's comments and during this entire time had struggled to get any sort of meaningful communication from Universal Wealth and yet as some people offered their opinions and pointed to links highlighting that this possibly wasn't a good scheme to belong to Universal Wealth managed to communicate very effectively and efficiently with virtually every poster (possibly) but were unable to liaise with the OP until they incurred significant cost in employing a solicitor and a barrister in order to resolve the original issue with Universal Wealth.

This doesn't really put Universal Wealth in a very good light from a customer service perspective. If this type of 'plan' / 'scheme' was something I was considering then I don't believe Universal Wealth would be an organisation I would consider worthy of engaging with.

badger09 · 13 March 2017 at 4:43PM

cloud_dog wrote: »

So, if I understand correctly... The OP had posted their situation on here regarding Universal Wealth looking for other's comments and during this entire time had struggled to get any sort of meaningful communication from Universal Wealth and yet as soon as some people offered their opinions and pointed to links highlighting that this possibly wasn't a good scheme to belong to Universal Wealth managed to communicate very effectively and efficiently with virtually every poster (possibly) but were unable to liaise with the OP until they incurred significant cost in employing a solicitor and a barrister in order to resolve the original issue with Universal Wealth.

This doesn't really put Universal Wealth in a very good light from a customer service perspective. If this type of 'plan' / 'scheme' was something I was considering then I don't believe I Universal Wealth would be an organisation I would consider worthy of engaging with.

My interpretation is that Universal Wealth contacted MSE, who then contacted individual posters.

Allegedly:p

help please with Universal Wealth preservation Trust

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