In most states, title to real property can be deeded to the trustee and the deed can be recorded on the land records without recording the trust agreement. This is one of the benefits of a revocable living trust for those individuals who desire privacy.
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Premixed compound is about $15.00 for 5 gallons. If you're just making a small repair, drywall patch kits can be purchased for $5.00 to $10.00 and have everything you'll need except for the drywall. Usually, these kits are used for small holes that could be punched in by a door knob, for example.