Home.Wills.Probate.LPA.About Us.FAQ.Contact Us.

Wills & Probate

established 2003

Free Will registration &

Free Will storage

- find out more

Search the site

Site Map

© InHouse Wills

InHouse Wills & Probate

former Willwriter of the Year

STEP Provisions

 

My Will includes a reference to the STANDARD PROVISIONS OF THE SOCIETY OF TRUST AND ESTATE PRACTITIONERS

- what does that mean?

STEP Provisions

 

Many Wills have a clause  (perhaps headed ‘Administration’) which says

The Standard Provisions of the Society of Trust and Estate Practitioners (1st Edition) shall apply with the deletion of paragraph 5.  Section 11 Trust of Land and Appointment of Trustees Act 1996 (consultation with beneficiaries) shall not apply.

 

or else

The Standard Provisions of the Society of Trust and Estate Practitioners (2nd Edition) shall apply

 

or even

The Standard Provisions and all of the Special Provisions of the Society of Trust and Estate Practitioners (2nd Edition) shall apply

 

Why is this in the Will? This is the standard way of providing the executors with technical and routine provisions they need to administer the estate properly. In particular, this authorises professional executors or trustees to charge for their work.

Using these standard provisions the Will writer can ease the work of the executors when they administer your estate, without having to clutter up your Will with lots of technical provisions that might otherwise confuse the lay reader.

The provisions have been put together by the Society of Trust and Estate Practitioners (normally abbreviated to STEP) which is an organisation of the best technical specialists in this aspect of the law. As such they provide an effective starting point for dealing with the technical needs of your Will. The 2nd edition (published in 2011) is only marginally changed from the 1st edition, These provisions allow a Will to use well-proven wording to deal with those clients who have particular circumstances to handle.

If you have not been provided with a copy of the provisions, you can view a copy of the 1st edition here. There is also a commentary available for the 1st edition, which explains some of the details within the provisions. Details of the 2nd edition are given here.