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Professor Brett Davies, a barrister and solicitor, explains the concept of a declaration of trust in property purchases. This document enables an individual to buy an asset, like a car, without the seller knowing their identity. He illustrates this with the example of a 1986 Corvette Stingray, emphasizing that if someone else buys the car on your behalf, they will own it and be responsible for payment. To maintain anonymity, you can appoint a trusted person—such as a friend named Robert—as the trustee, allowing the purchase to take place privately. This approach helps keep the buyer's identity confidential while executing the transaction.
