Haw. Code R. § 18-235-1.17 - "Resident trust", defined
"Resident trust" means the same as in section 235-1, HRS.
(1) If the administration of the trust is
carried on wholly in the State the trust shall be deemed a resident trust
irrespective of the place of residence of the fiduciary or
fiduciaries.
(2) If the sole
fiduciary, or all of the fiduciaries if more than one, are residents, domestic
corporations, or partnerships formed under Hawaii law, the trust shall be
deemed a resident trust irrespective of the place where the trust is
administered.
(3) If the
administration of the trust is partly carried on in the State, the trust shall
be deemed to be a resident trust if one-half or more of the fiduciaries are
residents, domestic corporations, or partnerships formed under Hawaii
law.
Notes
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