Are company shares considered liquid assets if the testator bequeathed one-third of his liquid assets for ongoing charity?

Liquid assets, in common parlance, are known as cash and do not include real estate, stocks, or merchandise. If a testator bequeaths one-third of his liquid assets, this means one-third of the cash present at the time of his death, whether it is in his home, in the bank, as deposits with people, or as cash with his children. The determination of this reverts to the custom of the country.