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https://en.wikipedia.org/wiki/Bankruptcy
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https://en.wikipedia.org/wiki/Trust_law
"[2][3] A testamentary trust is an irrevocable trust established and funded pursuant to the terms of a deceased person's will
https://en.wikipedia.org/wiki/Estate_planning
However, if the decedent holds any incidents of ownership like the ability to remove or change a beneficiary, the proceeds will be treated as part of the decedent's estate and general
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://en.wikipedia.org/wiki/Power_of_attorney
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https://www.uscourts.gov/services-forms/bankruptcy
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Sites: en.wikipedia.org (5) · www.uscourts.gov (1)