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. To transfer a property into a trust, you will need a new deed with the name of the trust.Here's what you need to do. The process of changing the deed of a house and transferring property upon the death of a spouse depends on the type of property ownership. Straightforward Process: Establishing a TOD deed is less complex and costly than setting up a trust. Understand the benefits of creating a living trust and how it works. To set one up, get referred to one of our attorneys through the Legal Referral Service. A document that transfers a loan or debt (Deed of Trust and Note) to another, which gives a third party the right to the money collected in payment of the debt. Sign a deed changing title from you to you as trustee of your trust and now the trust owns the house. If a trust holds real estate, the trustee will need to sign a new deed, transferring the property to the new owner - the trust beneficiary.