§553A-6 Other transfer by fiduciary. (a) Subject to subsection (c), a personal representative or trustee may make an irrevocable transfer to another adult or trust company as custodian for the benefit of a minor pursuant to section 553A-9, in the absence of a will or under a will or trust that does not contain an authorization to do so.
(b) Subject to subsection (c), a conservator may make an irrevocable transfer to another adult or trust company as custodian for the benefit of the minor pursuant to section 553A-9.
(c) A transfer under subsection (a) or (b) may be made only if:
(1) The personal representative, trustee, or conservator considers the transfer to be in the best interest of the minor;
(2) The transfer is not prohibited by or inconsistent with provisions of the applicable will, trust agreement, or other governing instrument; and
(3) The transfer is authorized by the court if it exceeds $10,000 in value. [L 1985, c 91, pt of §1]
Rules of Court
Transfers, see HPR rule 111.
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.