Haw. Rev. Stat. § 560:2-203

Current through the 2024 Legislative Session

Section 560:2-203 - Composition of the augmented estate

(a)Subject to section 560:2-208, the value of the augmented estate, to the extent provided in sections 560:2-204, 560:2-205, 560:2-206, and 560:2-207, shall consist of the sum of the values of all property, whether real or personal, movable or immovable, tangible or intangible, wherever situated, that constitute the :

(1) Decedent's net probate estate;

(2) Decedent's nonprobate transfers to others;

(3) Decedent's nonprobate transfers to the surviving spouse or reciprocal beneficiary; and

(4) Surviving spouse's property or reciprocal beneficiary's property and nonprobate transfers to others.

(b) The value of the marital-property portion of the augmented estate shall consist of the sum of the values of the four components of the augmented estate as determined under subsection (a) multiplied by the following percentage:

Less than 1 year.................................................3%

1 year but less than 2 years.....................................6%

2 years but less than 3 years....................................12%

3 years but less than 4 years....................................18%

4 years but less than 5 years....................................24%

5 years but less than 6 years....................................30%

6 years but less than 7 years.....................................36%

7 years but less than 8 years.....................................42%

8 years but less than 9 years......................................54%

9 years but less than 10 years.....................................60%

10 years but less than 11 years....................................68%

11 years but less than 12 years.....................................76%

12 years but less than 13 years.....................................84%

13 years but less than 14 years.....................................92%

14 years but less than 15 years.....................................96%

15 years or more....................................................100%.

HRS § 560:2-203

Amended by L 2023, c 158,§ 17, eff. 6/29/2023.

L 1996, c 288, pt of §1; am L 1997, c 383, §19