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Professor Davies, a barrister and solicitor at Legal Consolidated, explains the importance of creating a declaration of trust before purchasing an asset. This document allows you to secretly purchase an asset without the vendor knowing your identity. This can be useful in private matters, such as buying a car like a Corvette Stingray 1986, without the buyer mistakenly owning the asset. By appointing a trustee like your friend Robert, you can ensure the secret purchase is carried out smoothly.
