"dxAce" wrote in message
...


All in someone else's name of course.



A trust or a corporation do not constitute having something in "someone
else's name."

A living trust simply presestablishes the future ownership of one's assets
upon death, with the objective being the avoidance of probate and the
resultant delays and costs.

A corporation is not a person. It is a legal entity for an enterprise that
shields the owners or shareholders from personal liability. There are
corporations that are 100% owned by one individual, where all shares are in
one name... and the shares are nominative.