Daily Star's biggest headlines straight to your inbox!The fear of paying hefty inheritance tax and future care home fees led to thousands of people putting blind trust in an unregulated company, which may now cost them dearly as the company shut down and the owner was investigated for fraud.Thousands of people in the UK are at risk of facing a massive ten-year tax charge after they put their property in trusts.
At a certain point in life, many people start looking at their legacy, as they take steps to prepare for future care home fees and inheritance tax.
For this reason, about 8000 people turned to Universal Wealth, which was an unregulated company owned and run by Steven Long and his wife Melanie Long, reports The Express.
Read more on dailystar.co.uk