HRS §554B-9
How the Custodial Trustee Can Use Trust Money
The person managing a custodial trust must give the beneficiary money or spend it for them when the beneficiary asks, unless the beneficiary is incapacitated. If incapacitated, the manager decides what to spend for the beneficiary and their dependents. The manager can also set up bank accounts for easy access.
beneficiariestrustees
The statute, as written — Use of custodial trust property
(a) The custodial trustee shall pay to the beneficiary or expend for the beneficiary's benefit so much or all of the custodial trust property as the beneficiary while not incapacitated may direct from time to time. (b) If the beneficiary is incapacitated, the custodial trustee shall expend so much or all of the custodial trust property as the custodial trustee determines advisable for the use and benefit of the beneficiary and individuals who were supported by the beneficiary at the time the beneficiary became incapacitated, or who are legally entitled to support by the beneficiary. Expenditures may be made in the manner, at the time, and to the extent that the custodial trustee determines suitable and proper, without court order and without regard to other support, income, or property of the beneficiary. (c) A custodial trustee may establish checking, savings, or other similar accounts of reasonable amounts under which either the custodial trustee or the beneficiary may withdraw funds from, or draw checks against, the accounts. Funds withdrawn from or checks written against the account by the beneficiary are treated as distributions of custodial trust property by the custodial trustee to the beneficiary.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.