Determing Gross Assets

• Hire a certified appraiser to appraise each asset held in the trust's name. Using these figures, the appraiser will determine the trust's gross assets.
  
  

Selling the Deed of Trust

• Sell the deed of trust. Fill out an Agreement for Sale and Purchase form. Itemize the assets held in the trust's name. Provide a description of the assets being sold. Identify real estate property with a complete street address. Enter the trust's gross assets. Sign and date the form. Identify the trust making the purchase as the buyer.
  
  

Deffering the Payment

• Fill out a Deed of Acknowledgment of Debt. This form allows you to sell a deed of trust for no money down. In other words, the buyer will hold title of the asset even though money does not exchange hands. Consult an estate attorney about forgiving portions of the debt annually in accordance with state gift tax laws.
  
  

Record Kkeeping

• Keep a record of all trust documents in a trust portfolio. Include the original deed of trust, Agreement for Sale and Purchase and Deed of Acknowledgment of Debt.