In real estate transactions, a trust deed transfers the legal title of a property to a third party until the borrower repays their debt to the lender. Which states are mortgage states and which are deed of trust states including a table showing this information for each state.First, you'll need to prepare and sign a new deed for the property. You'll usually need a grant form or quit claim form to transfer the deed. Designate a trustee to hold the land title. You have a few options available to you, but two of the most common are transfer on death deeds and living trusts. Each has its own benefits and drawbacks. Here are the six steps to transfer your house to your living trust. They're really simple once you know what to do it's a very simple process. To execute a Deed of Trust properly, the parties need to sign in the presence of a notary public.