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Professor Brett Davies, a barrister and solicitor, congratulates on creating a declaration of trust. This document allows one to purchase an asset without the vendor knowing their identity. This can be useful in private matters, such as purchasing a car without wanting to be the official owner. By appointing a trustee, like a friend, one can make a secret purchase without the buyer ending up owning the asset. This can be helpful in scenarios where one wants to maintain anonymity in a purchase.
