The Society of Trust and Estate Practitioners (STEP) has unveiled a code of practice for will writing for its members.
The Code for Will Preparation in England & Wales lays out a set of ethical principles and includes a list of considerations that a will drafter must consider when preparing a will. This includes that writers must be open and transparent in their dealings with clients, and guidelines when the drafter is unsure of a client's mental capacity. Will writing is not a regulated activity in England and Wales, despite requests from the Legal Services Board. STEP president Geoffrey Shindler said: "The code ensures that if you go to a STEP member to draft your will, you can be confident that ...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes