HRS §557A-501
What the trust pays from income
This section tells a trustee what bills to pay from the trust's income instead of the principal. It covers the trustee's pay, some costs, and insurance premiums. It only applies if the trust document or a law doesn't say otherwise.
trustees
The statute, as written — Disbursements from income
Unless otherwise governed by statutory fees or unless the instrument provides for it, [a] trustee shall make the following disbursements from income to the extent that they are not disbursements to which section 557A-201(2)(B) or (C) applies: (1) One-half of the regular compensation of the trustee and of any person providing investment advisory or custodial services to the trustee; (2) One-half of all expenses for accountings, judicial proceedings, or other matters that involve both the income and remainder interests; (3) All of the other ordinary expenses incurred in connection with the administration, management, or preservation of trust property and the distribution of income, including interest, ordinary repairs, regularly recurring taxes assessed against principal, and expenses of a proceeding or other matter that concerns primarily the income interest; and (4) Recurring premiums on insurance covering the loss of a principal asset or the loss of income from or use of the asset.
Sections this one refers to
§557A-201 How income is figured and paid out after death or when a trust income interest ends
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