Government is going to regulate itself right out of business. How? Through private trusts. - If your spouse gives you a bag of cat food, and tells you to go feed fluffy, you have a trust going. Your spouse is the grantor/settlor/creator, you are the trustee, fluffy is the beneficiary. The bag of cat food is the property owned by the trust. - Trusts can own anything, including money. When written properly, trustees can resign and appoint someone else as trustee. There you have it. Government doesn't regulate private trusts because of the freedom to contract.