Living Trust for mother & daughter

My mother is helping me buy her house which she owns outright. We have taken a large enough loan to give my siblings their inheiritance early. We want to protect our estates and the house with a trust, but I also want to take all the tax deductions and must have the house in my name to take all tax deductions.
Can we do a joint revocable trust as mother and daughter so we can file a new quit deed in both trust names? Or should we do separate trusts? If we do separate trusts how do we address the property to show both names? Also should we have my siblings sign an acknowledgement that they have received their inheiritance early?