Rule 204. Summary administration of estates under $300

An estate wherein the value of the assets is less than $300 may be administered in a summary manner in accordance with the procedure prescribed by this rule as follows:

(1) The will, if any, shall be proved and the executor or administrator appointed as provided by law and the rules of court, except that the executor or administrator shall not be required to give a bond.

(2) The executor or administrator shall file an inventory as required by law and the rules of court, but may make any necessary appraisal by himself without the appointment of appraisers by the court.

(3) If the value of the assets is $200 or more, a notice to creditors must be published once a week for four weeks and posted by the executor or administrator as required by paragraph (c) of Rule 194, which notice shall require all persons having claims against the estate to present them within thirty days from the date of the notice.

(4) If the value of the assets is under $200, a notice to creditors need not be published, but shall be posted in the manner required by paragraph (c) of Rule 194, for a period of two weeks only, which notice shall require all persons having claims against the estate to present them within thirty days from the date of the notice.

(5) A final report of the administration shall be made at the end of the period of publication or posting, or as soon thereafter as possible, which shall show, among other things, the payments for medical and funeral expenses and the persons by whom they were made, and shall be accompanied by vouchers and certificate of death, if one has not previously been filed in the proceeding.

(6) A final adjudication will be made when the final report has been filed and approved by the court, which adjudication will, in each case, fix the compensation of the executor or administrator and his attorney.--Added Dec. 17, 1976.

Summary administration of estates under $300, see 15 V.I.C. ' 167.