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In this video, Professor Brett Davies, a barrister and solicitor, discusses the concept of a declaration of trust, which allows individuals to secretly purchase assets without revealing their identity to the vendor. He explains that this can be particularly useful in situations where someone wishes to buy an item, such as a 1986 Corvette Stingray, but prefers not to do so personally. Instead, they can appoint a trusted person, like a friend named Robert, as the trustee to make the purchase on their behalf. This method ensures that the original buyer remains anonymous and does not lose ownership or control of the asset, enabling discreet transactions.
