Mark James dies in Clearwater, Florida (Pinellas County) without a will in February of 2020. He is survived by his second wife, Loretta James, and his two children from a prior marriage, Chris James and Jimmy James. He also had a son, Carson James, from his prior marriage that predeceased him. Carson James was survived by his two sons, Willie James and Kyle James.

Mark has the following assets:

1) Homestead owned jointly with Mrs. James with date of death value of $500,000.

2) Life Insurance with death payout of $1,000,000 owned in his name with Mrs. James as the primary beneficiary.

3) IRA with date of death value of$1,000,000 owned in his name with Mrs. James as the primary beneficiary.

4) 2018 Chevy Truck in his name alone with a date of death value of $70,000.

5) Jewelry, clothes and other items with date of death value of $15,000.

6) Wells Fargo Savings and Checking accounts in his name with date of death value of $100,000.

7) Merril Lynch account in his name with date of death value of $2,000,000.

Explain the following: (i) what assets will be subject to the probate proceeding, (ii) what type of probate proceeding will be required, (iii) who will receive the probate assets and in what percentages