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https://en.wikipedia.org/wiki/Bankruptcy
In most jurisdictions, bankruptcy is imposed by a court order, often initiated by the debtor
https://en.wikipedia.org/wiki/Probate
After the testator dies, the person named in the will as executor can decline or renounce the position, and if so should quickly notify the probate court accordingly
https://en.wikipedia.org/wiki/Trust_law
However the feoffee had no legal obligations to the beneficiary in English common law, so after the death of the feoffor, there was no one to enforce the promises made by the feoffee or his ancestor
https://en.wikipedia.org/wiki/Estate_planning
Estate planning or inheritance planning is the process of anticipating and arranging for the management of a person's estate or net worth during the person's life in preparation for future incapacity or death
https://en.wikipedia.org/wiki/Power_of_attorney
[3] As an agent, an attorney-in-fact is a fiduciary for the principal, so the law requires an attorney-in-fact to be completely honest with and loyal to the principal in their dealings with each other
https://www.uscourts.gov/services-forms/bankruptcy
gov website belongs to an official government organization in the United States
https://www.irs.gov/businesses/small-businesses-self-employed/estate-tax
It consists of an accounting of everything you own or have certain interests in at the date of death (Refer to Form 706 PDF)
Sites: en.wikipedia.org (5) · www.uscourts.gov (1) · www.irs.gov (1)