Haw. Rev. Stat. § 557A-413
Property not productive of income
Hawaii · Hawaii Revised Statutes Chapter 557A · Status: effective
Cite this
- Citation
- Haw. Rev. Stat. § 557A-413, Property not productive of income, Hawaii, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2428433
- Permanent ID
ys:prov:2428433@1- SHA-256
c93adee3a2b814510c75ce6162b885fdc8294a73d08962d05e26fcb9638e5c77
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
(a) If a marital deduction is allowed for all or part of a trust whose assets consist substantially of property that does not provide the surviving spouse with sufficient income from or use of the trust assets, and if the amounts that the trustee transfers from principal to income under section 557A-104 and distributes to the spouse from principal pursuant to the terms of the trust are insufficient to provide the spouse with the beneficial enjoyment required to obtain the marital deduction, the spouse may require the trustee to make property productive of income, convert property within a reasonable time, or exercise the power conferred by section 557A-104(a). The trustee may decide which action or combination of actions to take.
(b) In all other cases, proceeds from the sale or other disposition of an asset are principal without regard to the amount of income the asset produces during any accounting period.