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https://en.wikipedia.org/wiki/Bankruptcy
The Statute of Bankrupts of 1542 was the first statute under English law dealing with bankruptcy or insolvency
https://en.wikipedia.org/wiki/Probate
After the testator dies, the person named in the will as executor can decline or renounce the position, and if so should quickly notify the probate court accordingly
https://en.wikipedia.org/wiki/Trust_law
However the feoffee had no legal obligations to the beneficiary in English common law, so after the death of the feoffor, there was no one to enforce the promises made by the feoffee or his ancestor
https://en.wikipedia.org/wiki/Power_of_attorney
[3] As an agent, an attorney-in-fact is a fiduciary for the principal, so the law requires an attorney-in-fact to be completely honest with and loyal to the principal in their dealings with each other
https://en.wikipedia.org/wiki/Estate_planning
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