HAWAII ASSET PROTECTION TRUST
Sanford K. Okura
On July 1, 2011, the Hawai‘i Permitted Transfers in Trusts Act was amended. This is an important change in the law because you can now transfer assets to a trust and receive money from the trust and yet have the trust assets protected from lawsuits.
Under the new law, if you transfer property to an asset protection trust and you have no intent to “defraud,