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In this video hosted by Gary Winter, the focus shifts to Phase Two of the Trust 101 series, which covers liquidating assets and paying bills for trustees and beneficiaries. It is recommended that viewers first familiarize themselves with Phase One, which includes steps like installing as a trustee, notifying beneficiaries, and collecting and appraising assets. As the video addresses asset liquidation, key points to consider are whether the will or trust permits the sale of assets and whether selling is necessary to generate cash.
