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A trustee has a duty to know, understand, and abide by the terms of the trust and relevant law
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https://en.wikipedia.org/wiki/Trust_law
A trustee has a duty to know, understand, and abide by the terms of the trust and relevant law
https://en.wikipedia.org/wiki/Power_of_attorney
The one authorized to act is the agent,[1] attorney, or in some common law jurisdictions, the attorney-in-fact
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/Estate_planning
Federal income tax purposes, a life insurance trust could be used to pay estate taxes
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