Administrator ad prosequendum is a legal term that is used in estate administration and bankruptcy cases. It essentially means “administrator to pursue”. An administrator ad prosequendum is a person appointed by the court to look out for the best interests of the estate in question.
In an estate administration context, an administrator ad prosequendum may be an executor who is appointed by the court to collect, safeguard, inventory and distribute assets of the deceased person’s estate. This process known as probate, is the official court-supervised means of ensuring that a deceased individual’s debts and taxes are paid, and that remaining assets are distributed to appropriate beneficiaries.
In terms of bankruptcy, an administrator ad prosequendum is a trustee who is appointed to manage the case. They are responsible for collecting, safeguarding, and liquidating assets in order to achieve a best return for creditors.
Administrator Ad Prosequendum vs. Administrator Ad Litem
An administrator ad prosequendum shares many characteristics of an administrator ad litem, however, there are a few key differences. An administrator ad litem is appointed to protect the interests of creditors or beneficiaries in estate or probate cases that require court intervention. This may include investigating a will’s validity or a power of attorney’s legitimacy. An administrator ad litem makes decisions in the best interests of creditors or beneficiaries, but does not exercise executive authority.
What Does an Administrator Ad Prosequendum Do?
An administrator ad prosequendum’s overall aim is to make the process as efficient as possible, while ensuring that all debts and taxes are paid off and assets are properly distributed. This job requires a high degree of discretion, as the administrator must balance the interests of the estate, creditors and beneficiaries. Some specific tasks may include:
- Responsible for overseeing the collection, safeguard, inventory, and distribution of assets
- Ensuring all debts and taxes are paid off
- Making sure assets are distributed to the appropriate beneficiaries
- Filing necessary documents with the court
- Making decisions that are in the best interests of the estate, creditors and beneficiaries
In short, an administrator ad prosequendum is responsible for overseeing and managing the assets of the estate, while ensuring that the estate’s rights are protected and that all creditors and beneficiaries receive their entitled share.