do I need executor account?

[piper777]

Hi there seeking advice please.

I have recently completed Iht 400 forms prior to applying for probate. I am joint executor with my brother of my fathers will. I wish to know do i need to apply for an executors bank account to pay in/out money, or is an ordinary account sufficient? Also is it ok if the account is in my name only or does it need be in joint names.?

thank you ..most grateful for any replies.

[maths]

An executor account is preferable which is in both executor names.

The monies from the estate are not those of the beneficiaries until the estate has been administered. It is important that your or your brother's own monies do not get mixed up with the estate income.