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In this video, Professor Brett Davies discusses the concept of a declaration of trust, which allows individuals to privately purchase an asset without revealing their identity to the seller. He provides an example involving a car, specifically a 1986 Corvette Stingray. The idea is that if a buyer is interested in an asset but prefers not to be directly involved in the purchase process, they can appoint a trustee, such as a friend, to make the purchase. This way, the trustee buys the asset on behalf of the actual buyer, ensuring that the buyer's identity remains confidential and they do not officially own the asset themselves. This serves to keep the transaction private and discreet.
