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In this tutorial, Paul, the grow manager at the estates administration department, provides guidance for trustees on liquidating assets following a decedent's death. He explains that liquidating assets involves converting tangible and intangible property into cash, which is crucial for trust and estate administration. There are three main types of property to liquidate: 1. **Real Property**: Any real estate owned by the decedent.2. **Tangible Personal Property**: Items such as cars, furniture, heirlooms, clothing, jewelry, and collectibles found in the residence.3. **Intangible Personal Property**: Financial assets like stock certificates, bonds, and CDs.The process prepares trustees to distribute funds to beneficiaries and complete the estate administration.