UK banks should produce 'living wills':
Thursday, the Financial Services Authority in its discussion paper said UK banks would be required to produce ``living wills'' to be used when they fail.
She revealed probate administration ``is almost always needed'' when the deceased has left a minimum of £5,000 in either savings, stocks, shares, property or land held in their own name or as tenants in common, indicating the majority of Britons could benefit from the help of a probate attorney.