Hawaii Living Trust Forms
Download this Hawaii living trust in order to set aside assets and property into a separate legal entity to provide for your beneficiaries. A trust provides flexibility as to how and when you want to distribute your assets to your loved ones. You can provide that funds only be expended for certain things, like health, education and welfare, or that they only be distributed when a beneficiary reaches a certain age. You choose a trustee to handle the administration of the trust. The trustee is obligated under state law to administer the trust in the best interest of the beneficiaries.
Revocable vs. Irrevocable: A revocable trust can be changed during the life of the person creating it, while an irrevocable trust is made to not be changed.