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In this tutorial, Professor Brett Davies, a barrister and solicitor, discusses the concept of a declaration of trust, which allows someone to secretly purchase an asset without the vendor knowing the buyer's identity. This can be useful in situations where discretion is desired, such as purchasing a car. For example, if someone is interested in a 1986 Corvette Stingray but doesn't want to personally buy it, they can send a trusted friend (the trustee) to make the purchase on their behalf. The trustee buys the asset, but the true ownership and payment obligations remain undisclosed to the vendor. This provides privacy and control over the transaction.