23rd Nov 2016
As discussed in the last post, a Court may appoint a Special Administrator instantly upon application. One of the main reasons this is done is that there are urgent matters to take care of in the estate. The law tries to balance the need to move quickly with several safeguards that protect the parties involved.
The first safeguard we will look at is: the accounting. Okla. Stat. tit. 58 § 217 states that a Special Administrator must render an account. This would at least be a detailed record of all receipts / income and disbursements / expenses. I also generally try to have the Special Administrator give a brief report on the main actions they have taken.
So, a Special Administrator is often appointed instantly; however, a Special Administrator is not appointed to do whatever they want. They are accountable under the law.
The accounting process specifically gives those interested in the estate (especially the heirs, devisees, and legatees) and the Court the chance to review the actions of the Special Administrator and take action if they are not proper.
If our office may be of assistance to you in these areas, do not hesitate to contact us at (580) 338-6503 or at firstname.lastname@example.org or using any of our contact information in the profile. You can also visit www.fieldandhicks.com for more information.
This blog contains general information and the opinions of the author – not legal advice; you should seek the advice of competent counsel (attorney/lawyer) when considering any legal issues.