Using the information gathered during the prior steps, draft or fill out a deed template. – online or paper.A Living Trust can help avoid or reduce estate taxes, gift taxes and income taxes, too. Your tax savings can amount to hundreds of thousands of dollars or more. Expert guide on transferring house titles from parents to children in California. Uncover the process, cost, and how to avoid common mistakes. Generally, gift deeds (or deeds of gift) are just another form of grant deed. Select the trust that is best suited to your needs, such as a revocable living trust. Draft a trust deed and have it notarized so that it is legally binding. Enter the amount of the First Deed of Trust, if any.