Liquidating assets in
You are not permitted to take actions that would enrich you at the expense of the trust.
For this reason, you should not sell any estate property during the liquidation process to yourself or any of your associates to avoid the appearance of a breach of your fiduciary duty. The will states the decedent’s wishes regarding how property is to be distributed amongst his beneficiaries.
You may also need this information for your tax returns.
There are multiple options you should consider in order to get the liquidity you need from your assets. Whatever you decide may depend on the specific situation of your assets, their condition, variety, quantity, the time you have to dispose of them, macro market conditions and more.
When a person passes away, the process of complying with the terms of the will is known as probate.
It not only minimizes the organizational disruption, it also outsources the process to a qualified third party who has been involved in the exact process many times in the past.
Rabin is an international company that specializes in creating liquidity for complex manufacturing facilities with idle or marginally productive assets.
This legal process generally involves appointing an executor (typically named in the will) to manage the decedent’s estate.
The executor is the person responsible for liquidating assets of the estate.
Since the cash is already available, you can avoid the complications that could arise from asset liquidation.