Probate needed?

[Robster154]

Hi,
Is Probate needed?
Will in place with executors, the 4 children of the deceased.
No property or assets involved, just a bank account which had one of the siblings on as POA.
Obviously at death POA ceases, but as a sibling is also on that bank account can the Will just be read and everything divided out from it without the need for Probate?

Thanks

[PallasAthena]

If the sole asset of value is cash in that bank account and the executors are also the sole beneficiaries probably probate not needed. It will depend on the attitude of the bank.

How much approx £££ in the account?

BYW "reading the will" is something that happens in films and books. It is not a procedural requirent in English law.

[Robster154]

If the sole asset of value is cash in that bank account and the executors are also the sole beneficiaries probably probate not needed. It will depend on the attitude of the bank.

How much approx £££ in the account?

BYW "reading the will" is something that happens in films and books. It is not a procedural requirent in English law.

Thank you.

There is around £90k in the bank account

[PallasAthena]

For that amount the bank might insist on probate. It's at their discretion.

[Pezza54]

If the bank refuses to release the money without probate, the chances are that when they see that there are 4 executors in the will, they will only release the money to an executors account.

Do all 4 siblings want to take up the executor role?

Those that don't can renounce (resign) or reserve power provided they haven't intermeddled

[Robster154]

The 4 siblings are all named executors

[Pezza54]

Yes but they can still renounce or reserve their role