To release a trust registration at the termination of the trust or upon change of the administrative situs of the trust, a person shall file with the clerk of the court of the judicial circuit in which the trust is currently registered a Release of Trust Registration containing the information required by Rule 127 and also setting forth the reason for the release of registration. If the reason for release is change of the administrative situs of the trust, the Release of Trust Registration shall also identify the new administrative situs of the trust and attach a copy of the Trust Registration Statement filed in the new jurisdiction.
Haw. Prob. R. 128
COMMENTARY:
This rule allows the trust to terminate its registration at the termination of the trust or upon change of the administrative situs of the trust. If the administrative situs is changed, identification of the new situs will assist interested persons in tracing the trust location. A Release of Trust Registration cannot be filed for change of situs until the trust has been registered in the new jurisdiction, and a copy of the new trust registration must be filed with the Release. This rule will ensure that the benefits of registration will not lapse during a change in situs.