Universal Wealth Preservation - what to do if you’re affected

29/08/2018

The collapse of a firm that operated as professional trustees has sparked a flurry of concern from former clients.

 

Steven and Melanie Long, who ran Universal Wealth Preservation and associated companies including Universal Asset Protection Ltd, which entered compulsory liquidation in May 2018, are now being investigated by Suffolk Constabulary.

 

Graham Fuller, a Senior Associate in our Wills, Probate and Lifetime Planning team, has this advice for former Universal clients in the West Midlands and Shropshire:

 

The Universal family of companies that were operated by the Longs drafted and managed trusts, wills and lasting powers of attorney (LPAs) and provided secure storage for original documents.

 

Following the liquidation and on-going police investigation, Universal clients may experience difficulties recovering their original documentation or cash assets.

 

So what can you do? As members of the Society of Trust and Estate Practitioners, we can help.

 

Get independent legal advice from an experienced trust and estate practitioner. They can establish whether you need to make a new will or apply to have new trustees put in place.

 

Check if your power of attorney - are you happy with your choice of Attorneys? If not, we can help you with a new one.

 

If you’re concerned that your property isn’t registered in your name, the Land Registry (0300 006 0411) can confirm whose name the property is registered in.

 

It can be a worrying time if you’re affected by this issue but seeking independent legal advice can give you peace of mind and ensure you are properly protected.

 

Graham deals with a broad range of matters including wills, powers of attorney, care fees, tax planning and probate. He is a full member of the Society of Trust and Estate Practitioners and Solicitors for the Elderly and is studying to become a member of the Association of Contentious Trust and Probate solicitors.

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