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Professor Brett Davies, a barrister and solicitor, introduces the concept of a declaration of trust, which allows individuals to secretly purchase an asset without disclosing their identity to the vendor. This approach can be beneficial for private transactions, such as buying a sought-after car. For example, if someone is interested in a 1986 Corvette Stingray but prefers not to directly negotiate, they can appoint a trusted person, such as a friend (trustee), to make the purchase on their behalf. This way, the trustee handles the transaction while maintaining the buyer's confidentiality and avoiding ownership implications for the intermediary.
