HRS §554B-5
Transferring money or property for an incapacitated person
Read the official text at capitol.hawaii.gov ↗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 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.
(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
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