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Professor Brett Davies, a barrister and solicitor, discusses the concept of a declaration of trust, which allows individuals to secretly purchase an asset without revealing their identity to the vendor. This method can be useful when someone wants to acquire something privately, such as a car, without handling the transaction themselves. For example, if someone decides they want a specific car but prefers not to make the purchase directly, they can send a trusted friend (the trustee) to complete the transaction on their behalf. This way, the asset is bought privately, and ownership remains discreet.
