HRS §560:6-111
Paying out a trust account to a trustee, heirs, or beneficiary
This section says when a bank can pay out a trust account. It can pay the trustee on request, or the deceased trustee's personal representative or heirs if the trustee outlived everyone else on the account. It can also pay the beneficiary if they outlived all trustees, unless the bank knows a beneficiary has a vested interest.
beneficiariesfinancial institutionspersonal representativestrustees
The statute, as written — Financial institution protection; payment of trust account
Subject to the provisions of section 560:6-107, any trust account may be paid, on request and according to its terms, to any trustee. Unless the financial institution has received written notice or has actual knowledge that the beneficiary has a vested interest not dependent upon the beneficiary's surviving the trustee, payment may be made to the personal representative or heirs of a deceased trustee if proof of death is presented to the financial institution showing that the deceased trustee was the survivor of all other persons named on the account either as trustee or beneficiary. A trust account may be paid, on request and according to its terms, to the beneficiary upon presentation to the financial institution of proof of death showing that the beneficiary or beneficiaries survived all persons named as trustees.
Sections this one refers to
§560:6-107 When money from a shared bank account can be taken back to pay the deceased person's debts
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.