HI HB26

Amends Hawaii Revised Statutes Section 607-18 to clarify trustee compensation rules for banks, trust companies, and individuals serving as fiduciaries.

Expands the definition of entities entitled to reasonable compensation to include "individuals who in the ordinary course of business serve as fiduciaries," not just banks and trust companies.

Requires advance written notice of fee schedule amendments to be provided to vested beneficiaries (rather than all beneficiaries) after the settlor's death.

Removes the cost-of-living adjustment provision that would have indexed threshold dollar amounts and minimum compensation to the Consumer Price Index using 2014 as the base year.

Clarifies compensation rules for multiple trustees and co-trustees, specifying how compensation is divided among individual trustees and between individual trustees and corporate fiduciaries.