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Spain, for example, passed a bankruptcy law (ley concurs) in 2003 which provides for debt settlement plans that can result in a reduction of the debt (maximally half of the amount) or an extension of the payment period of maximally five years (Gerhardt, 2009[missing long citation]), but it does not foresee debt
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https://en.wikipedia.org/wiki/Bankruptcy
In most jurisdictions, bankruptcy is imposed by a court order, often initiated by the debtor
https://www.uscourts.gov/services-forms/bankruptcy
gov website belongs to an official government organization in the United States
https://en.wikipedia.org/wiki/Trust_law
In the English common law, the party who entrusts the property is known as the "settlor," the party to whom it is entrusted is known as the "trustee," the party for whose benefit the property is entrusted is known as the "beneficiary,"[1] and the entrusted property is known as the "corpus" or "trust property
https://en.wikipedia.org/wiki/Estate_planning
of income tax, gift tax, capital gains tax, inheritance tax, and generation-skipping transfer tax plays a significant role in choosing the structure and vehicles used to create an estate plan
https://en.wikipedia.org/wiki/Power_of_attorney
In the United States, an attorney-at-law is a solicitor who is also licensed to be an advocate in a particular jurisdiction
https://en.wikipedia.org/wiki/Probate
a will is "proved" in a court of law and accepted as a valid public document that is the true last testament of the deceased; or whereby, in the absence of a legal will, the estate is settled according to the laws of intestacy that apply in the jurisdiction where the deceased resided at the time of their death
https://www.irs.gov/businesses/small-businesses-self-employed/estate-tax
gov website belongs to an official government organization in the United States
Sites: en.wikipedia.org (5) · www.uscourts.gov (1) · www.irs.gov (1)