Overseas Executor

STEP Powers in a Will

Published / Last Updated on 11/09/2019

Extract from a Will with STEP powers:

"The reverse side of every page of my Will is intentionally left blank with the STEP Powers preceding this clause".

"In my Will where the context so admits any reference to the STEP Powers shall mean the Standard Provisions and all of the Special Provisions of the Society of Trust and Estate Practitioners (2nd edition) shall apply".

Society of Trust and Estate Practitioners (STEP) standard clauses for powers granted to executors of a Will. Examples:

Power to insure property
Power to manage and invest funds
Power to distribute income to help child beneficiary funds held in trust e.g. for education, well being, holidays.

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