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Even though most proposals call for payments of less than the full amount of the debt owing, in most cases, the creditors accept the deal—because if they do not, the next alternative may be personal bankruptcy, in which the creditors get even less money
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Bankruptcy - Wikipedia

https://en.wikipedia.org/wiki/Bankruptcy
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Probate - Wikipedia

https://en.wikipedia.org/wiki/Probate
It is possible to get a professional executor to renounce their role, meaning they will have no part in dealing with the estate; or to reserve their power, which means the remaining executors will carry out the related duties, but without the involvement of the professional executor

Trust (law) - Wikipedia

https://en.wikipedia.org/wiki/Trust_law
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Estate planning - Wikipedia

https://en.wikipedia.org/wiki/Estate_planning
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Power of attorney - Wikipedia

https://en.wikipedia.org/wiki/Power_of_attorney
The examples and perspective in this article deal primarily with the United States and English-speaking world and do not represent a worldwide view of the subject

Bankruptcy Skip to main content

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

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)