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Paul Grow, the manager of the estates administration department at the law offices of Daniel Hunt, provides tips for trustees on how to start the process of liquidating assets after a death. Liquidating assets involves converting real property, personal belongings, and intangible items into cash. This is a crucial step in trust and estate administration to distribute funds to beneficiaries. The three main types of property that need to be liquidated after a death are real property, tangible personal property (such as furniture and jewelry), and intangible personal property (such as stocks and bonds).
