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Paul Grow, manager 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 assets into cash. This is essential in trust or 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 (like stock certificates). Following these steps will help trustees navigate the process effectively.
