A Deed of Trust, also know as a mortgage, is a lien on property to ensure payment of the money due to a lender. The recitals in the Trustee's deed shall be prima facie evidence of the truth of the statements made therein.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. I'm just going to take you through the exact process of how to fill out a deed of trust exactly and you can see what I mean it's very straight forward. This form is designed to be used where the Trustees wish to assign a Policy to a Beneficiary. A Deed of Trust is a legal document.