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In this tutorial by Professor Brett Davies, a barrister and solicitor, the concept of a declaration of trust is introduced, which allows individuals to discreetly purchase assets without disclosing their identity to the seller. This method is particularly useful for those who wish to maintain privacy, such as when buying a cherished item like a classic car. For instance, if someone wants to buy a 1986 Corvette Stingray but prefers not to be directly involved, they can designate a trusted person (the trustee) to make the purchase on their behalf. This way, the trustee buys the asset without it becoming their property, maintaining confidentiality for the actual buyer.
