Hawaii Revised Statutes 554D-904 – Duties at inception of trusteeship
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Terms Used In Hawaii Revised Statutes 554D-904
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
Within a reasonable time after accepting a trusteeship or receiving trust assets, a trustee shall review the trust assets and make and implement decisions concerning the retention and disposition of assets to bring the trust portfolio into compliance with the purposes, terms, distribution requirements, and other circumstances of the trust and with the requirements of this part.