HRS §554B-14
Pay, costs, and bond for the custodial trustee
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
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.
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