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The Special Administrator

African American news from Pasadena - Personal Finance - Example of Special Administrator and estate planningAt 61, Dan was known throughout his community as a successful, active and fun loving person. He was a veteran, a college grad and all around good guy who loved people and loved his job -- a small roofing business he'd started in his early 40s. He was in good shape and had a clean bill of health, just enjoying life and running his company (which didn't even seem like work to him). To some, Dan was somewhat of a hero, providing quality service and gainful employment to seven members of the community.

Tragically, Dan was involved in a bad roofing accident one day and pronounced dead at the scene. He was not married so his next of kin, his mother, had to take immediate action. The days that followed were hard on everyone. As Dan's loved ones worked together to plan his funeral, Dan's mother took on the added burden of making sure Dan's business would stay afloat until permanent arrangements could be made for its disposition.

Because Dan was the sole owner of his business and had not created a business succession or estate plan, his mother's only course of action was to seek orders from the probate court giving her power to run the business in Dan's absence. The quicker the court order was requested and approved, the better it would be for all concerned.



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