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Can an administrator decide who gets what?

To put it simply, even when there is no will, the administrator does not have the authority to decide who gets what. Whats more, administrators cannot even bring contests, since intestate succession laws remain firm regardless of the situation. Only in rare circumstances could an heir be disinherited.

What is a special administrator?

A special administrator is someone appointed by a court to fill the role of a normal administrator , usually until a more permanent administrator can be appointed.

What are the rights of an administrator?

The administrator acts as the companys agent and has a general power to do anything necessary or expedient for the management of the companys affairs, business and property. An administrator has the same general powers as the company and/or its directors [Note 1]. This general power extends to the disposal of assets.

How much power does an administrator have?

It is an administrators job to gather all of the assets of the estate, pay the debts of the estate, and distribute the assets to the beneficiaries in ance with the will or the laws of intestate succession. All of this will occur under the supervision of the probate court in the county where the decedent lived.

Is an administrator personally liable?

As the executor of a will or administrator you have personal and unlimited liability, which means that if you make a mistake you could end up footing the bill for any financial or legal claims that occur as result of your actions. This takes effect as soon as you undertake the role.

What power does an administrator have?

After inventorying the estate and paying all creditors, an administrator is now able to close the estate and disburse the remaining assets to the decedents heirs. If the decedent died with a will, the administrator will disburse the assets as requested by the decedent.

What does it mean when a company goes into special administration?

The special administration regime should ensure that customers are protected in the event that a company fails. The purpose of the special administration regime is not to keep a company in business but rather to ensure that the provision of services to customers is maintained.

What is the difference between an executor and a special administrator?

Their task is similar to that of an executor, involving the management, protection and preservation of the deceased persons estate. The special administrator is under constant court supervision and does not have authority to disperse estate funds without court approval.

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