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Paul, the grow manager of the estates administration department at the law offices of Daniel Hunt, offers guidance for trustees on liquidating assets after a death. Liquidating assets, which involves converting hard assets into cash, is essential for preparing to distribute funds to beneficiaries. There are three main property types to liquidate: 1) real property, including real estate owned by the decedent; 2) tangible personal property, such as vehicles, furniture, heirlooms, and collectibles; and 3) intangible personal property, including stock certificates, bonds, and CDs. The process is vital for completing trust or estate administration effectively.