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An administrator effectively performs the same role as an executor, but is unable to act in any way until a grant of administration is given. As for executors, the maximum number of administrators of an estate is four. The minimum number is two.
Generally, the person who oversees your estate is known as your \u201cpersonal representative.\u201d California law also refers to a personal representative as an \u201cexecutor\u201d or \u201cadministrator.\u201d All three terms describe the same function, although there is a legal distinction between their method of appointment.
The main job responsibility of an administrator is to ensure the efficient performance of all departments in an organization. They act as a connecting link between the senior management and the employees. They provide motivation to the work force and make them realize the goals of the organization.
When a company goes into administration an appointed administrator takes control with the primary goal of utilising assets to pay creditors as quickly as possible. One of the main advantages to the administration process is the protection from payment demands and time allowed to devise a plan.
An Administrator provides office support to either an individual or team and is vital for the smooth-running of a business. Their duties may include fielding telephone calls, receiving and directing visitors, word processing, creating spreadsheets and presentations, and filing.
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An executor fulfills the same role as an administrator; the only difference is how they are appointed. If you are an executor, you were nominated to serve in the decedent's will and appointed by a probate court. Administrators and executors are commonly referred to as personal representatives.
If your company enters into voluntary administration, an administrator is appointed to investigate your company's business and financial affairs. A key function of the administrator is to present recommendations regarding the future of your company, and the financial options available, to your creditors.
In order to effectively perform their responsibilities, administrators must fill the roles of leader, mentor, manager, decider, and builder. These five roles are interdependent and synergistic as they impact one another and gain in value as proficiency develops in one of the other roles.
An executor is someone who has been named in the will to manage your estate after you die. An administrator is someone who takes charge of your estate if you die without a will.
An administrator is a person who ensures that an organization operates efficiently. Their specific duties depend on the type of company, organization, or entity where they work. Above all, administrators need to be highly organized and have good communication skills.