HRS §554D-414
Ending a small trust
A trustee can end a trust worth less than $100,000 after telling the beneficiaries, if the costs of running it are too high. A court can also change or end such a trust, or replace the trustee. When the trust ends, the trustee must give the property to the beneficiaries as the trust intended. This rule does not apply to conservation easements.
beneficiariescourtstrustees
The statute, as written — Modification or termination of uneconomic trust
(a) After notice to the qualified beneficiaries, the trustee of a trust consisting of trust property having a total value of less than $100,000 may terminate the trust if the trustee concludes that the value of the trust property is insufficient to justify the cost of administration. (b) The court may modify or terminate a trust or remove the trustee and appoint a different trustee if it determines that the value of the trust property is insufficient to justify the cost of administration. (c) Upon termination of a trust under this section, the trustee shall distribute the trust property in a manner consistent with the purposes of the trust. (d) This section shall not apply to an easement for conservation or preservation.
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