What Does "Revocable Trust" Mean on a Deed to a House?. A real estate deed contains a description of a piece of real estate and lists the names of the property owners. People and legal entities can own real estate, and if the name of a revocable trust appears on a deed, it means that the real estate in question belongs to that trust. Revocable trusts work differently from other types of trusts, which means you do not entirely lose control of your property when you sign the deed over to your trust.