Will Preparers’ Code Comes into Effect

Tuesday, 1 April, 2014

The Society of Trust and Estate Practitioners’ (STEP) new standard of conduct for will preparers in England and Wales has come into effect. The STEP Code for Will Preparation in England & Wales, announced earlier this year, details a set of ethical principles that make clear the standard of transparency and service a client can expect from a STEP member preparing their will.

STEP Deputy Chief Executive George Hodgson said: ‘The Code equips practitioners with a framework that clearly addresses a client’s needs and sets out an expected high standard of practice. It provides the public with peace of mind that when they use a STEP member to prepare their will they are working with a professional advisor who behaves with integrity and conducts their business in an open and transparent manner.’

He added: ‘Practitioners have welcomed the implementation of a straightforward approach to establishing clear standards in an activity that has long been, and continues to be, unregulated. The Code gives reassurance to clients without imposing an excessive bureaucratic burden on practitioners. ’

Issues the Code covers include the need for transparency, integrity and competency, as well imposing a clear obligation on practitioners to avoid conflicts of interest, and to clearly explain costs to clients. When choosing a will preparer, members of the public should look for the STEP Will Code logo, which demonstrates a practitioner’s adherence to the Code.

More information, including the full Code for Will Preparation in England & Wales and a short explanatory video can be found online.

Story issued as press release.