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https://en.wikipedia.org/wiki/Bankruptcy
In a similar way, Philip II of Spain had to declare four state bankruptcies in 1557, 1560, 1575 and 1596
https://en.wikipedia.org/wiki/Trust_law
A court of competent jurisdiction can remove a trustee who breaches their duty
https://en.wikipedia.org/wiki/Power_of_attorney
An attorney has power to act on behalf of the person; this power can be misused, for example, to steal the assets of a person who may be vulnerable (e
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/Estate_planning
, 401(k) plans and IRAs), certain "trustee" bank accounts, transfer-on-death (TOD) financial accounts, and life insurance proceeds