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https://en.wikipedia.org/wiki/Bankruptcy
If a man owed and he could not pay, he and his wife, children or servants were forced into "debt slavery" until the creditor recouped losses through their physical labour
https://en.wikipedia.org/wiki/Trust_law
This may be done for tax reasons or to control the property and its benefits if the settlor is absent, incapacitated, or deceased
https://www.uscourts.gov/services-forms/bankruptcy
gov website belongs to an official government organization in the United States
https://en.wikipedia.org/wiki/Probate
Alternatively, if no other person qualifies or no other person accepts appointment, the court will appoint a representative from the local public administrator's office
https://en.wikipedia.org/wiki/Power_of_attorney
If someone is already incapacitated, it is not possible for that person to execute a valid power, although in some jurisdictions, it may be possible for someone to have the capacity to execute a power of attorney even if they do not have the capacity to make the decisions that they are delegating
https://en.wikipedia.org/wiki/Estate_planning
citizen or any qualified charity are not subject to U
https://www.irs.gov/businesses/small-businesses-self-employed/estate-tax
Most relatively simple estates (cash, publicly traded securities, small amounts of other easily valued assets, and no special deductions or elections, or jointly held property) do not require the filing of an estate tax return
Sites: en.wikipedia.org (5) · www.uscourts.gov (1) · www.irs.gov (1)