Haw. Rev. Stat. § 554B-5
Transfer to custodial trustee by fiduciary or obligor, facility of payment
Hawaii · Hawaii Revised Statutes Chapter 554B — Uniform Custodial Trust Act · Status: effective
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- Citation
- Haw. Rev. Stat. § 554B-5, Transfer to custodial trustee by fiduciary or obligor, facility of payment, Hawaii, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2428250
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Full text
(a) Unless controlled by an instrument designating a custodial trustee under section 554B-3, a person, including a fiduciary other than a custodial trustee, who holds property of or owes a debt to an incapacitated individual not having a conservator may make a transfer to an adult member of the beneficiary's family or to a trust company as custodial trustee for the benefit of the incapacitated individual. If the property or obligation exceeds $20,000 in value, the transfer must be authorized by the court.
(b) The written acknowledgment of delivery signed by a custodial trustee constitutes a sufficient receipt and discharge for property transferred to the custodial trustee pursuant to this section.