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https://en.wikipedia.org/wiki/Trust_law
The trustee is the legal owner of the assets held in trust on behalf of the trust and its beneficiaries
https://en.wikipedia.org/wiki/Bankruptcy
The term is often described as having originated in Renaissance Italy, where there allegedly existed the tradition of smashing a banker's bench if he defaulted on payment
https://en.wikipedia.org/wiki/Power_of_attorney
You may improve this article, discuss the issue on the talk page, or create a new article, as appropriate
https://en.wikipedia.org/wiki/Probate
This often happens when parents or grandparents are first in line to become the administrator but renounce their rights on the grounds that they are elderly, do not possess knowledge of estate law, or feel that someone else is better suited to the task
https://en.wikipedia.org/wiki/Estate_planning
Other tax-free alternatives include paying tuition expenses or medical expenses free of gift tax, but only if the payments are made directly to the educational institution or medical provider
https://www.irs.gov/businesses/small-businesses-self-employed/estate-tax
This election is made on a timely filed estate tax return for the decedent with a surviving spouse
https://www.uscourts.gov/services-forms/bankruptcy
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Sites: en.wikipedia.org (5) · www.irs.gov (1) · www.uscourts.gov (1)