An article published on the BBC News website on Sunday detail a police investigation following the collapse of Universal Wealth Management, an Ipswich based Financial Wealth & Estate Planning business.
The collapse has left dozens of clients fearing for their life savings. Universal Wealth Management ran seminars called ‘Keep It In The Family’, in which they promised to protect people’s assets from Inheritance Tax and avoid Care Home Fees. After attending a seminar, people typically put their home into a Trust run by the company, which meant they no longer officially owned it. The idea was that local authorities would then disregard the property in the event someone needed Long-Term Care.
The report suggests that this business was appointing themselves as professional trustees of the home protection trusts and then acting fraudulently with the assets they were managing as trustees.
At Redwood Family Wealth & Estate Planner’s, all our Home Protection Trusts are family controlled and only your loved ones are the trustees, not Redwood or any other professional firm. This means that only those who you have entrusted and empowered to act on your behalf can do so.
Redwood Family Wealth & Estate Planners is one of the Souths leading Pensions, Wills, Trusts & Estate Planning providers and we are dedicated to helping families to Grow, Protect and Enjoy their wealth. With our unrivalled knowledge of Pension and Financial Wealth Planning, we can advise on any situation. Join us at one of our Free Public Information Seminars on Wills, Trusts & Estate Planning: Book online Book Me A Place!, Call us on 01489 877 547 or Email info@redwoodfinancial.co.uk to book a FREE Initial Meeting with us to review your Financial Planning needs.
