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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/Power_of_attorney
When all the claims are paid, the attorney-in-fact then returns the leftover funds to the subscribers
https://en.wikipedia.org/wiki/Estate_planning
Guardians are often designated for minor children and beneficiaries with incapacity
https://en.wikipedia.org/wiki/Probate
This often happens when parents or grandparents are first in line to become the administrator but renounce their rights on the grounds that they are elderly, do not possess knowledge of estate law, or feel that someone else is better suited to the task