HRS §554G-7
Transferor's retained powers after a permitted transfer
Read the official text at capitol.hawaii.gov ↗A permitted transfer still counts under this law even if the person who made it keeps some powers or acts as an investment advisor. That person only has the powers written in the trust document. Any deal giving them more power is void.
beneficiariestrustees
The statute, as written — Retained interests of transferor
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) A permitted transfer shall be subject to this chapter notwithstanding a transferor's retention of any or all of the powers and rights described in section 554G-5(c) and notwithstanding the transferor's service as investment advisor pursuant to section 554G-4.5(a)(3). (b) The transferor shall have only the powers and rights specifically conferred by the trust instrument. Except as permitted by sections 554G-5(c) and 554G-4.5(a)(3), a transferor shall have no rights or authority with respect to the property that is the subject of a permitted transfer or to the income from property that is the subject of a permitted transfer. Any agreement or understanding purporting to grant or permit the retention of any greater rights or authority shall be void.
Sections this one refers to
§554G-4.5 Trust advisors and their powers over the trust
§554G-5 Trust rules: irrevocability, termination, and protections
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.