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In this tutorial, Paul, the grow manager of the estates administration department at the law offices of Daniel Hunt, provides guidance for trustees on liquidating assets after a death. He explains that liquidating assets means converting hard assets into cash, which is a critical step in trust or estate administration for distributing funds to beneficiaries. There are three main types of property to be liquidated: real property (including real estate), tangible personal property (such as vehicles, furniture, and collectibles), and intangible personal property (like stock certificates and bonds). Paul is set to continue with further instructions in the process.
