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retts Davies, a barrister and solicitor at Legal Consolidated, congratulates viewers on creating a declaration of trust before purchasing. This document allows for secret asset acquisition without the vendor's knowledge. This can be useful in private matters, such as buying a car like a 1986 Corvette Stingray. If someone else buys the car, they will own it and be responsible for payment. To avoid this, using a trustee like a friend to make the purchase can ensure secrecy and control over the asset.
