What Is Simplified Probate Administration?
Two types of probate administration are permitted by the Probate Code, supervised or independent. As the names suggest, the probate division closely monitors a supervised administration; such an estate requires court approval for many actions of the Personal Representatives, who must also file annual accountings, or settlements, which are fully reviewed and audited by the probate division. Independent administration is more informal and eliminates the need for supervision by the probate division and annual settlements. An estate may be independently administered if so designated in the deceased`s will, or if the beneficiaries all agree.