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In this video tutorial, Paul, the grow manager of the Estates Administration Department at the law offices of Daniel Hunt, provides guidance for trustees on distributing assets after a person's death. He emphasizes that the process of liquidating assets—transforming hard assets into cash—is crucial for estate administration. Three main types of property to be liquidated are outlined: real property (real estate), tangible personal property (such as automobiles, furniture, and jewelry), and intangible personal property (like stock certificates and bonds). Paul offers tips on how to effectively start this process to facilitate the distribution of funds to beneficiaries and complete estate management.
