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A trustee may be held personally liable for problems, although fiduciary liability insurance similar to directors and officers liability insurance can be purchased
from the top result below
https://en.wikipedia.org/wiki/Trust_law
A trust in the US may be subject to federal and state taxation
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/Probate
The probated will then becomes a legal instrument that may be enforced by the executor in the law courts if necessary
https://en.wikipedia.org/wiki/Power_of_attorney
An attorney has power to act on behalf of the person; this power can be misused, for example, to steal the assets of a person who may be vulnerable (e
https://www.uscourts.gov/services-forms/bankruptcy
Court Programs
Bankruptcy Bankruptcy helps people who can no longer pay their debts get a fresh start by liquidating assets
https://en.wikipedia.org/wiki/Bankruptcy
Bankruptcy is a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts
https://www.irs.gov/businesses/small-businesses-self-employed/estate-tax
" The includible property may consist of cash and securities, real estate, insurance, trusts, annuities, business interests and other assets
Sites: en.wikipedia.org (5) · www.uscourts.gov (1) · www.irs.gov (1)