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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://www.irs.gov/businesses/small-businesses-self-employed/estate-tax
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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
https://www.uscourts.gov/services-forms/bankruptcy
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https://en.wikipedia.org/wiki/Estate_planning
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https://en.wikipedia.org/wiki/Power_of_attorney
(April 2022) (Learn how and when to remove this message)
Power of attorney
A power of attorney (POA) or letter of attorney is a written authorization to represent or act on another's behalf in private affairs (which may be financial or regarding health and welfare), business, or some other legal matter
https://en.wikipedia.org/wiki/Trust_law
A trustee can be a natural person, business entity or public body
Sites: en.wikipedia.org (5) · www.irs.gov (1) · www.uscourts.gov (1)