Little toe fractured. Complication?

My little toe has been fractured as seen on X-ray. A small piece of bone has separated too. The local general physician advised just rest, elevation of leg and said the inflammation around the feet (which has subsided a bit now since the day of fracture) would go on its own. Asked to take a painkiller like Ibuprofen meanwhile, if the pain is more. Asked to avoid wearing shoes. He also said it looks a ligament there has been torn. But says not an issue as it has not much use. I am worried if the fracture will heal properly on its own or the toe bones need setting and tying in place. I have following questions: 1) Can the broken piece be adjusted into place and the toe set for healing? 2) Will the broken piece create any problems later on? 3) Would the torn ligament create balance problems for me later on? 4) Would the fracture heal by itself or can it cause complication?