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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
The Statute of Bankrupts of 1542 was the first statute under English law dealing with bankruptcy or insolvency
https://en.wikipedia.org/wiki/Power_of_attorney
An attorney-in-fact may be a layperson and is authorized to act pursuant to the powers granted by a power of attorney but may not engage in acts that would constitute the unauthorized practice of law
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
Federal income tax purposes, a life insurance trust could be used to pay estate taxes
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
https://www.uscourts.gov/services-forms/bankruptcy
gov website belongs to an official government organization in the United States
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)