[2] Estate liquidation of assets can be all-encompassing: appraising, donating, cleaning, packing, transporting and auctioning.
Oftentimes the family will retain a lawyer to oversee the process of liquidation and to keep the system straight on legalities of stocks and bonds being traded, investments liquidated and any real property changing hands legally.
[4] However, in European countries such as Germany, there are firms which solicitate non-binding initial inspection first and then rolling out the contract.
The main differences between an estate liquidation and a mere estate sale is the sphere of inclusion which in a liquidation can expand to stocks, bonds, real property, fine jewelry, coin collections and fine art.
Often an estate liquidation is accompanied by realtors, attorneys, Certified Public Accountants, and appraisers, while an estate sale can be done by anyone with knowledge of value of household items and collectibles in question.