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If the debtor has no proven financial ability to pay the creditors, he may be granted an immediate discharge
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Bankruptcy - Wikipedia

https://en.wikipedia.org/wiki/Bankruptcy
If a man owed and he could not pay, he and his wife, children or servants were forced into "debt slavery" until the creditor recouped losses through their physical labour

Bankruptcy Skip to main content

https://www.uscourts.gov/services-forms/bankruptcy
gov website belongs to an official government organization in the United States

Power of attorney - Wikipedia

https://en.wikipedia.org/wiki/Power_of_attorney
Formerly, the term "power" referred to an instrument signed under seal while a "letter" was an instrument under hand, meaning that it was simply signed by the parties, but today a power of attorney does not need to be signed under seal

Probate - Wikipedia

https://en.wikipedia.org/wiki/Probate
The probated will then becomes a legal instrument that may be enforced by the executor in the law courts if necessary

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

Trust (law) - Wikipedia

https://en.wikipedia.org/wiki/Trust_law
This may be done for tax reasons or to control the property and its benefits if the settlor is absent, incapacitated, or deceased

Estate tax | Internal Revenue Service Skip to main content

https://www.irs.gov/businesses/small-businesses-self-employed/estate-tax
gov website belongs to an official government organization in the United States

Sites: en.wikipedia.org (5) · www.uscourts.gov (1) · www.irs.gov (1)