HRS §539-9
How transfer-on-death accounts work and creditor rights
This section says that when an account is set up to pass to a named beneficiary on the owner's death, that transfer is valid and does not need to go through a will. It also says that creditors can still go after the beneficiary or other people who receive the account under other state laws.
beneficiariescreditorsdebtorsfinancial institutions
The statute, as written — Nontestamentary transfer on death
(a) A transfer on death resulting from a registration in beneficiary form is effective by reason of the contract regarding the registration between the owner and the registering entity and this chapter and is not testamentary. (b) This chapter does not limit the rights of creditors of security owners against beneficiaries and other transferees under other laws of this State.
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