Haw. Rev. Stat. § 554D-502
Spendthrift provision
Hawaii · Hawaii Revised Statutes Chapter 554D · Status: effective
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- Citation
- Haw. Rev. Stat. § 554D-502, Spendthrift provision, Hawaii, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2428309
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Full text
(a) A spendthrift provision is valid only if it restrains both voluntary and involuntary transfer of a beneficiary's interest.
(b) A term of a trust providing that the interest of a beneficiary is held subject to a "spendthrift trust", or words of similar import, is sufficient to restrain both voluntary and involuntary transfer of the beneficiary's interest.
(c) A beneficiary shall not transfer an interest in a trust in violation of a valid spendthrift provision and, except as otherwise provided in this part, a creditor or assignee of the beneficiary shall not reach the interest or a distribution by the trustee before its receipt by the beneficiary.