What does the term "unsupervised administration" refer to in the context of estate management?

The term "unsupervised administration" refers to estate management that occurs without court oversight. This means that once the personal representative is appointed, they are granted the authority to manage the estate's assets and fulfill their duties without needing to seek court approval for every action they take. This type of administration can facilitate a more efficient and expedited process for settling the estate since it reduces the bureaucratic involvement that typically comes with supervised administration, where a court closely monitors the actions and decisions of the personal representative.

In an unsupervised administration, the representative still has a legal obligation to adhere to fiduciary duties and act in the best interests of the beneficiaries but can do so more autonomously. This contrasts with the other options, which focus on aspects such as the role of the personal representative, beneficiary involvement, or the degree of court involvement, but do not specifically capture the essence of what "unsupervised administration" entails.