Fill out the preliminary change of ownership report to properly transfer your California real estate into your living trust. Draft a trust deed and have it notarized so that it is legally binding.Record the deed at the county recorder's office. File a Preliminary Change of Ownership Report simultaneously with the deed at the county recorder's office where the real property is situated. Enter the amount of the First Deed of Trust, if any. Check all the applicable boxes, and complete the information requested. The legal title is in the trustee's possession until the borrower can pay the debt in full, after which the title is transferred to the borrower. Take the original signed and notarized Deed of Trust and Promissory Note to the County Recorder's Office for the county where the property is located. What is required in order to complete the transfer of trust property to a beneficiary? When putting property in a trust, consider the tax aspects of trusts, such as transferring tax, income taxes, and property tax implications.