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https://en.wikipedia.org/wiki/Bankruptcy
to liquidate their stock, such as this Drug Fair
https://en.wikipedia.org/wiki/Trust_law
It is possible for a single individual to assume the role of more than one of these parties, and for multiple individuals to share a single role
https://en.wikipedia.org/wiki/Probate
free encyclopedia
Proving of a will
Not to be confused with Probation
https://en.wikipedia.org/wiki/Estate_planning
The planning includes the bequest of assets to heirs, loved ones, and/or charity, and may include legal tax avoidance
https://en.wikipedia.org/wiki/Power_of_attorney
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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