Hi all

My understanding is that there is now a guarantee on savings for each
"institution" to cover £85000 in savings for an individual.
As an executor of my late father's accounts, do the savings I am holding in
an account for future dispersal count as part of my own savings allocation?

Also, if the total of my father's savings exceed £85000 can I split this
between 2 institutions to avoid exposure should the bank fail?

The solicitor advised against setting up an account that the bank sees
specifically as an executor account, advising that I simply set up a joint
account with my sister (the other executor). I can't remember the
reasoning - something to do with additional bank charges for executors I
think.

TIA

Phil