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[17] If a person commits an act of bankruptcy, then a creditor can apply to the Federal Circuit Court or the Federal Court for a sequestration order
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Bankruptcy - Wikipedia

https://en.wikipedia.org/wiki/Bankruptcy
Bankrupt is not the only legal status that an insolvent person may have, meaning the term bankruptcy is not a synonym for insolvency

Power of attorney - Wikipedia

https://en.wikipedia.org/wiki/Power_of_attorney
[5] If a person without a durable power in place does not have the capacity to execute a power of attorney, the only way for another party to act on their behalf may be to have a court impose a conservatorship or a guardianship

Trust (law) - Wikipedia

https://en.wikipedia.org/wiki/Trust_law
Courts can reverse a trustee's actions, order profits returned, and impose other sanctions if they find a trustee has failed in their duties

Probate - Wikipedia

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

Bankruptcy Skip to main content

https://www.uscourts.gov/services-forms/bankruptcy
Courts hear cases over which they have jurisdiction granted by the Constitution or Congress

Estate planning - Wikipedia

https://en.wikipedia.org/wiki/Estate_planning
Assets left to any other heir, including the decedent's children, may be taxed if that portion of the estate has a value in excess of the lifetime gift, estate, and generation-skipping transfer tax exemption amount

Estate tax | Internal Revenue Service Skip to main content

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)