§553A-5 Transfer authorized by will or trust. (a) A personal representative or trustee may make an irrevocable transfer pursuant to section 553A-9 to a custodian for the benefit of a minor as authorized in the governing will or trust.
(b) If the testator or settlor has nominated a custodian under section 553A-3 to receive the custodial property, the transfer must be made to that person.
(c) If the testator or settlor has not nominated a custodian under section 553A-3, or all persons so nominated as custodian die before the transfer or are unable, decline, or are ineligible to serve, the personal representative or the trustee, as the case may be, shall designate the custodian from among those eligible to serve as custodian for property of that kind under section 553A-9(a). [L 1985, c 91, pt of §1]
Structure Hawaii Revised Statutes
Title 30. Guardians and Trustees
553A. Uniform Transfers to Minors Act
553A-2 Scope and jurisdiction.
553A-3 Nomination of custodian.
553A-4 Transfer by gift or exercise of power of appointment.
553A-5 Transfer authorized by will or trust.
553A-6 Other transfer by fiduciary.
553A-8 Receipt for custodial property.
553A-11 Validity and effect of transfer.
553A-12 Care of custodial property.
553A-14 Use of custodial property.
553A-15 Custodian's expenses, compensation, and bond.
553A-16 Exemption of third person from liability.
553A-17 Liability to third persons.
553A-19 Accounting by and determination of liability of custodian.
553A-20 Termination of custodianship.
553A-22 Effect on existing custodianships.