This guide will walk you through the process how to transfer property to a living trust stepbystep, ensuring you understand each part of the procedure. 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. North Coast Financial is a California direct lender specializing in providing trust loans to beneficiaries and trustees. How do trust funds pay out? Can a trustee withhold money from a beneficiary? Thereof,subject to the terms of any mortgage, deed of trust or other securityagreement with a lien which has priority over this Deed of Trust. Deed of Trust upon the sale or transfer, without Lender's prior written consent, of all or any part of the Real Property, or any interest in the. If they will be reserved in the future, the exemplar grant deed must provide for this reservation.