HRS §554B-14
Pay, costs, and bond for the custodial trustee
Read the official text at capitol.hawaii.gov ↗Unless the trust document, an agreement with the beneficiary, or a court says otherwise, the trustee can get back reasonable costs from the trust property, can choose to charge a reasonable fee each year, and does not have to post a bond.
beneficiariestrustees
The statute, as written — Expenses, compensation, and bond of custodial trustee
A copy, taken August 20, 2026. The version published by the Legislature is the one that governs, and it may have changed since. Check it before relying on anything here.
Except as provided otherwise in the custodial trust instrument, in an agreement with the beneficiary, or by court order: (1) A custodial trustee is entitled to reimbursement from custodial trust property for reasonable expenses incurred in the performance of fiduciary services; (2) A custodial trustee has a noncumulative election to be made no later than six months following the end of each calendar year to charge a reasonable compensation for fiduciary services performed during that year; and (3) A custodial trustee need not post a bond for faithful performance of the custodial trust.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.