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All creditors, including the state and municipalities, to whom the person has an obligation that meets the above-mentioned minimum criteria can submit an application to declare a person bankrupt by compulsory procedure
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Bankruptcy - Wikipedia

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

Trust (law) - Wikipedia

https://en.wikipedia.org/wiki/Trust_law
A court of competent jurisdiction can remove a trustee who breaches their duty

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

Power of attorney - Wikipedia

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

Estate planning - Wikipedia

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

Bankruptcy Skip to main content

https://www.uscourts.gov/services-forms/bankruptcy
Court Programs Bankruptcy Bankruptcy helps people who can no longer pay their debts get a fresh start by liquidating assets

Estate tax | Internal Revenue Service Skip to main content

https://www.irs.gov/businesses/small-businesses-self-employed/estate-tax
An official website of the United States government Here's how you know Here's how you know Official websites use .gov A .gov website belongs to an official government organization in the United States. Secure .gov websites use HTTPS A

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