ADMR (Abbreviation): Acronym for “Automated Data Management and Reporting”
Definition: ADMR refers to a system or process that automates the management and reporting of data. It involves the use of software, tools, or technologies to collect, organize, store, analyze, and present data in a streamlined and efficient manner. ADMR systems are commonly used in various industries and sectors to handle large volumes of data, ensuring accuracy, consistency, and timeliness in data management and reporting tasks. By automating these processes, ADMR helps businesses and organisations save time, reduce errors, improve data quality, and make informed decisions based on reliable and up-to-date information.
ADMR stands for “Administration of Decedents’ Estates Act.” It is a legal statute that governs the process of administering the estates of deceased individuals. The purpose of ADMR is to provide a framework for the orderly distribution of assets, payment of debts, and resolution of any disputes that may arise during the estate administration process. It outlines the responsibilities and powers of the personal representative, who is appointed to manage the estate, and sets forth the procedures for filing necessary documents, notifying creditors, and distributing assets to beneficiaries. ADMR also includes provisions for the appointment of a guardian for minor or incapacitated beneficiaries and establishes guidelines for the final settlement of the estate. Compliance with ADMR is crucial to ensure a fair and efficient administration of a decedent’s estate.
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This glossary post was last updated: 29th March 2024.
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