They will be expected to liquidate cars, stocks, and other "unnecessary" assets. Retirement plans and other investments are also sometimes required. It is best to check with your state laws and possibly an attorney if your parents are well off.
Don't put all your money in real estate, you need something you can liquidate quickly.
To liquidate is to turn something into cash or money. In financial terms liquidating assets refers to the sale of stocks or shares for cash. Many companies have liquidation sales, where the company wishes to turn all their stock at hand and tangible assets into cash.
The company decided to liquidate its assets in order to pay off its debts and close its operations for good.
Liquid assets are those considered easy to liquidate. Such as savings, money market accounts and cash on hand. Non liquid assets are difficult to liquidate. Certificates of deposits are an example of a non liquid asset.
verb (used with object)1.to settle or pay (a debt): to liquidate a claim.2.to reduce (accounts) to order; determine the amount of(indebtedness or damages).3.to convert (inventory, securities, or other assets) into cash.4.to get rid of, especially by killing: to liquidate the enemies ofthe regime.5.to break up or do away with: to liquidate a partnership.
Money and assets are financial capital. Businesses can liquidate assets by selling them to get the money they need for operations.
When the company went into bankruptcy, they had to dismantle their factories and liquidate their assets.
That is the job of the executor. To distribute the estate and liquidate the assets.
Only the executor has the authority to liquidate assets of the estate.
To effectively liquidate assets, one should carefully assess the value of the assets, determine the best time to sell them, and consider various selling options such as auctions, private sales, or using a broker. It is important to research the market conditions and seek professional advice to maximize the return on investment.
Because it is unsuccessful or unprofitable and the assets there would be put to better use elsewhere.
liquidate the existing stock means to get rid of everything or to mark down the prices of everything in stock Financial assets which can be spent are known as liquid. Assets such as stocks, bonds, and mutual funds are nonliquid, and they must be liquidated (sold or cashed in) before they can be used like money. Liquidate the existing stock means to sell all the stock and convert back into money.