HRS §558-2
What This Trust Law Is For
This law lets certain trusts that choose to follow it give a qualified trustee legal ownership of real estate. It explains what rights the people who benefit from the trust have, what others must do when dealing with the trustee, and requires sharing who the beneficiaries are.
beneficiariestrustees
The statute, as written — Purpose
The purpose of this chapter is to authorize those trusts which incorporate it by reference to convey legal and equitable title to real estate in trust to a qualified trustee; to define the nature and extent of the beneficiaries' interest in the trust property; to define the obligations of persons dealing with the trustee to inquire into the trustee's authority; and to provide for disclosure of the identity and interest of the trust beneficiaries.
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