Universal Wealth Preservation – An Update


29 January 2020

By Hollie Allcorn

Universal Wealth Preservation – an Update

Following our article on 3rd May 2019, we have subsequently been contacted by several former clients of Universal Wealth Preservation who require assistance with the situation they find themselves in following the collapse of Universal and the subsequent criminal proceedings, which are still ongoing.

Worryingly, we have been informed that several companies are exploiting the situation by directly contacting former Universal Wealth Preservation clients and offering to assist them. However, some of these Firms seem to be run by former associates of the Universal Wealth Preservation directors and there have been reports that these companies are putting unnecessary pressure on clients to act quickly.

The Society of Trust and Estate Practitioners (STEP) are advising Universal Wealth Preservation clients to be cautious and run diligent checks through regulators, trading standards and Companies House before proceeding.

We have been instructed by a number of Universal Wealth Preservation clients and have advised them how to rectify their individual situations. The advice of course depends on the specific documentation that you have put in place, but our fully qualified and regulated solicitors can discuss your options with you once they have had a chance to review your position. We understand that most original documents formerly stored by Universal Wealth Preservation have now been seized by the Police as part of the investigation, but we can advise based on any copies you may be holding.

If you have been affected by Universal Wealth Preservation and would like further information, please contact Hollie in our Private Client Department on 01245 228127 or allcornh@gepp.co.uk.

This is not legal advice; it is intended to provide information of general interest about current legal issues.