ELI5: Explain Like I'm 5

Estate liquidation

Okay kiddo, have you ever heard of someone passing away and leaving a bunch of things behind like furniture, jewelry, and even a house? When that happens, a process called estate liquidation can take place.

Estate liquidation means that all of those things that the person left behind will be sold or taken care of in some way. They can be sold at auctions, garage sales, or online. Sometimes, there are people who specialize in selling these things for the family members of the person who passed away.

It's like cleaning up a big mess but it's also important because we want to make sure that everything is taken care of and that the people who are left behind have the money they need to take care of themselves or whatever the person who passed away wanted them to do with their belongings.

It can be a tough thing to go through, but it's a normal part of life and helps everyone to move forward.