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In this video, the speaker explains a deed of trust in property, describing it as a straightforward two-page A4 document used to distribute profits between individuals, such as spouses or business partners, in a tax-efficient manner. The speaker advises consulting a solicitor for help with this document instead of attempting to create one independently. They illustrate the concept using an example of a couple where one spouse earns £50,000 and the other is a homemaker with no income. The deed of trust allows them to invest together while optimizing their tax situation, ensuring that they both benefit from the property investment.