The original purpose of trusts was to circumvent human issues.

Essentially, he was a self-made millionaire who felt the next generation wasn’t reliable, which is why he entrusted his legacy to someone else.

Wealth only exists if enough people agree it belongs to you. It’s their acknowledgment that creates wealth—their recognition of your control itself is what makes you rich. If you truly have the ability to command, you can direct other people’s money. But if you lack that ability, you won’t even get to control your own money.

So what’s the essence of wealth succession? Is it a trust? No, it’s about forming a powerful interest group.