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A trustee may be held personally liable for problems, although fiduciary liability insurance similar to directors and officers liability insurance can be purchased
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Trust (law) - Wikipedia

https://en.wikipedia.org/wiki/Trust_law
2 Purpose trusts and the requirement for a beneficiary 7

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

Probate - Wikipedia

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

Estate planning - Wikipedia

https://en.wikipedia.org/wiki/Estate_planning
meets with client for estate planning

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