[§554B-18] Implementation, methods, and forms for creating custodial trusts. (a) If a transaction otherwise satisfies applicable law,
TRANSFER UNDER THE HAWAII
UNIFORM CUSTODIAL TRUST ACT
I, ________________(name of transferor or name and representative capacity if a fiduciary), transfer to ________________(name of trustee other than transferor), as custodial trustee for ________________(name of beneficiary) as beneficiary and ________________ as distributee on termination of the trust in absence of direction by the beneficiary under the Hawaii Uniform Custodial Trust Act, the following: (insert a description of the custodial trust property sufficient to identify each asset).
Dated: ______________
_____________________________
(Signature)
DECLARATION OF TRUST UNDER THE HAWAII
UNIFORM CUSTODIAL TRUST ACT
I, ________________(name of owner or property), declare that henceforth I hold as custodial trustee for ________________(name of beneficiary other than transferor) as beneficiary and ________________ as distributee on termination of the trust in absence of direction by the beneficiary under the Hawaii Uniform Custodial Trust Act, the following: (insert a description of the custodial trust property sufficient to identify each asset).
Dated: ______________
_____________________________
(Signature)
(b) Customary methods of transferring or evidencing ownership of assets may be used to create a custodial trust and include the following: