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. Missouri Deed of Trust Form.Use our Deed of Trust to create a contract in which a third-party holds property until a borrower pays back debt to the lender. For your Deed of Trust to be legal, you'll need to have the document notarized and submitted to the appropriate local county recorder. Fill in the blank Deed of Trust and Promissory Note form formatted to comply with all Missouri recording and content requirements. A deed of trust is an agreement formed between a buyer of real estate, a lender financing the purchase, and a neutral third party called the trustee. First, you'll need to prepare and sign a new deed for the property. You'll usually need a grant form or quit claim form to transfer the deed. Which states are mortgage states and which are deed of trust states including a table showing this information for each state. A Deed of Trust is a legal document similar to a home mortgage.