A document that embodies the agreement between a lender and a borrower to transfer an interest in the borrower's land to a neutral third party, a trustee. In a conventional sense, the nonprofit corporation does not own the property which its receives from donors.Designate a trustee to hold the land title. For the Purpose of Securing: 1. Learn about the benefits of a living trust, how a trust differs from a will, and the steps you'll need to take to set up a living trust in Nevada. APN: to complete this form, use "insert mode" or typeover mode. Note: In this sample trust deed the "Settlor" is the person setting up the trust and the. "Trustee" is the person who will administer the trust property. For example, in Colorado, you need a Special Warranty Deed. Original Registration certificate and complete Memorandum of Association (MOA) or Trust Deed.