When you're sitting at the top of the wealth pyramid, the game changes completely. Trusts aren't just a legal tool—they're the backbone of how ultra-high-net-worth individuals preserve and transfer assets across generations. Most billionaires keep a massive portion of their net worth locked in trust structures rather than holding it directly. Why? Tax efficiency, liability protection, and generational planning. It's a strategy most retail investors never consider, but understanding how the wealthy actually hold their assets gives you insight into long-term wealth psychology.