Split Legal Hawaii Living Trusts Forms For Free

A Joint Trust is a single Trust document that covers both spouses and offers provisions for what happens upon the death of each. These specific types of Trusts may be particularly useful for married couples who live in a Community Property state.

A valid Hawaii trust must have a definite beneficiary (subject to exceptions such as for charitable trusts, trusts for the care of animals, and certain trusts created for noncharitable purposes), along with a trustee with actual duties to perform.

The cost of setting up a trust in Hawaii varies depending on the complexity of the trust and the attorney's fees. A basic Revocable Living Trust generally ranges from $1,000 to $3,000. More complex trusts can cost several thousand dollars more.

Revocations, amendments, and restatements must be in writing, signed by the trustor, and notarized. Generally, a living trust cannot be changed or revoked after a trustor has passed away.

Total costs can range as high as a few hundred dollars, or they may be less than $200. If you enlist the help of an attorney, you'll have the peace of mind that an expert is on the case. But that peace of mind doesn't come free. Attorney fees vary from firm to firm, but costs could end up exceeding $1,000.

To register a trust, a person shall file with the clerk of the court in the judicial circuit in which the trust has its administrative situs a Trust Registration Statement that complies with the requirements of Rule 4 and contains the name of the trust, the date the trust was created, the name and address of the ...