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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 trust in the US may be subject to federal and state taxation
https://en.wikipedia.org/wiki/Power_of_attorney
Formerly, the term "power" referred to an instrument signed under seal while a "letter" was an instrument under hand, meaning that it was simply signed by the parties, but today a power of attorney does not need to be signed under seal
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
https://en.wikipedia.org/wiki/Probate
Sometimes, in England and Wales, a professional executor is named in the will – not a family member but (for example) a solicitor, bank or other financial institution