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Professor Brett Davies, a barrister and solicitor, explains the concept of a declaration of trust, which allows an individual to purchase an asset privately, without the vendor knowing their identity. This can be useful in situations where someone wants to buy something discreetly—like a 1986 Corvette Stingray—without directly engaging in the transaction themselves. By appointing a trustee, such as a friend, to make the purchase on their behalf, the buyer retains control over the asset despite not being the public owner. This approach protects the buyer's privacy while facilitating the acquisition of the desired item.
