Trust
If you’re a normal person, most of your wealth is probably in your own name. But if you’re one of the richest people in the world, you probably have a lot more complicated estate and tax planning, which probably means that a lot of your wealth is in trusts, legal arrangements that your lawyers set up to hold assets for you. Most simply, you might have a revocable trust, where your assets technically belong to the trust but you have control over the trust’s assets, investment decisions, beneficiaries, etc. This can be useful for estate planning, but for most ...