HRS §554B-5
Transferring money or property for an incapacitated person
This section lets someone holding money or property for an incapacitated adult without a conservator give it to a family member or trust company as a custodial trustee. If the value is over $20,000, a court must approve the transfer. The trustee's written receipt is enough to discharge the person who transferred the property.
beneficiariescourtsstate agenciestrustees
The statute, as written — Transfer to custodial trustee by fiduciary or obligor, facility of payment
(a) Unless controlled by an instrument designating a custodial trustee under section 554B-3, a person, including a fiduciary other than a custodial trustee, who holds property of or owes a debt to an incapacitated individual not having a conservator may make a transfer to an adult member of the beneficiary's family or to a trust company as custodial trustee for the benefit of the incapacitated individual. If the property or obligation exceeds $20,000 in value, the transfer must be authorized by the court. (b) The written acknowledgment of delivery signed by a custodial trustee constitutes a sufficient receipt and discharge for property transferred to the custodial trustee pursuant to this section.
Sections this one refers to
§554B-3 Setting Up a Custodial Trust for Future Payments
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.