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Paul, the grow manager of the estates administration department at the law offices of Daniel Hunt, offers guidance to trustees feeling overwhelmed by asset distribution after a death. He explains that liquidating assets—converting real property and personal belongings into cash—is a crucial step in trust and estate administration. This process prepares trustees to distribute funds to beneficiaries and complete the administration. There are three main types of property to liquidate: real property (any real estate owned by the decedent), tangible personal property (such as vehicles, furniture, heirlooms, clothing, jewelry, and collectibles), and intangible personal property (including stock certificates, bonds, and CDs).