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Professor Brett Davies, a barrister and solicitor at Legal Consolidated, introduces the concept of a "Declaration of Trust," which allows for the private purchase of an asset without disclosing the buyer's identity to the vendor. He explains that this can be useful in situations where someone wishes to buy something—like a 1986 Corvette Stingray—without revealing their intention. By using a trustee, such as a friend (e.g., Robert), the asset can be purchased discreetly. The trustee buys the item on behalf of the buyer, ensuring that ownership is not publicly linked to the buyer. This approach maintains privacy in personal transactions.