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[20] A person can also seek to have themselves declared bankrupt for any amount of debt by lodging a debtor's petition with the "Official Receiver",[21] which is the Australian Financial Security Authority (AFSA)
from the top result below
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
https://en.wikipedia.org/wiki/Probate
Professional executors will charge the estate for carrying out duties related to the administration of the estate; this can leave the family facing additional costs
https://en.wikipedia.org/wiki/Trust_law
Trustees have a fiduciary duty to manage the trust for the benefit of the equitable owners
https://www.uscourts.gov/services-forms/bankruptcy
Courts hear cases over which they have jurisdiction granted by the Constitution or Congress
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/Estate_planning
meets with client for estate planning
https://www.irs.gov/businesses/small-businesses-self-employed/estate-tax
Once you have accounted for the Gross Estate, certain deductions (and in special circumstances, reductions to value) are allowed in arriving at your "Taxable Estate
Sites: en.wikipedia.org (5) · www.uscourts.gov (1) · www.irs.gov (1)