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Paul Grow, a manager at the Law Offices of Daniel Hunt, discusses how to liquidate assets as a trustee after a decedent's death. Liquidating assets involves converting real property, personal belongings, and intangible assets into cash. This is crucial for distributing funds to beneficiaries and completing estate administration. The three main types of property that need to be liquidated after a death are real property, tangible personal property (e.g. furniture, jewelry), and intangible personal property (e.g. stocks, bonds). By following these steps, trustees can effectively manage the process of asset distribution.
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