Universal Wealth Preservation (‘UWP’) was an unregulated company that set up trusts and wills, quite often appointing themselves as executors and trustees. It also made several dubious claims including that the trusts could avoid tax and care home fees.
There were a lot of upsetting stories about UWP over the past year with the media reporting how people were unable to get hold of them after handing over their properties, life savings and other assets and the distress they felt after failing to regain control. It has now come to light that UWP has gone under, which must be alarming for its former clients.
What can you do?
Unlike UWP, B P Collins is regulated by the Solicitors Regulation Authority, which means that our clients will always be protected. If you have a will or trust with UWP, you may feel you’re in a hopeless situation but B P Collins can help. We have extensive experience in this area and can review your UWP will or trust and advise on how to move forward such as appointing a new executors or possibly winding up the trust.
You just need to speak to one of our specialist solicitors and they will talk you through the next steps. Call 01753 279030 or email privateclient@bpcollins.co.uk.
