Estate planning at First Hawaiian

Yes. First Hawaiian Bank is the first bank in Hawaii to provide a full complement of trust services. They offer corporate trustee, co-trustee, and agent for trustee services through their Wealth Management division. Trust professionals provide investment advice and resources including tax, accounting, and real estate management services. They also offer philanthropic services for charitable trusts. Contact Wealth Management at (808) 525-7134 or toll-free 1-888-287-0398.

Yes. IRAs cannot be titled in the name of a trust, but a trust can be named as the beneficiary of your Traditional IRA or Roth IRA. To update beneficiaries on an IRA, visit any First Hawaiian Bank branch and request the IRA beneficiary designation form. The IRA information request form at fhb.com/en/personal/form-ira is for requesting information only, not for designating beneficiaries.

YesSavings is a higher interest rate savings account. To open one, you must have a Personal Priority Banking Gold or Platinum Checking Account. You need a minimum opening deposit of $10,000 within 5 calendar days of opening, funded from an external financial institution (a transfer from another FHB account does not qualify). To earn the bonus interest rate each cycle, you must deposit at least $25 per month.

Yes. First Hawaiian Bank offers Online CDs that can be opened at fhb.com without visiting a branch. The minimum opening deposit is $1,000 and the maximum is $250,000. Applicants must be 18 or older, a US citizen with a Social Security number, and reside in the US. Terms range from 7 days to 60 months. Early withdrawal penalties apply.

If the property securing a HELOC is held in a trust, a trust review fee of $150-$375 may apply during closing. Bring the full trust agreement or Certification of Trust to a branch. Under the Garn-St. Germain Act, the lender cannot accelerate the loan when the property transfers to a spouse, child, or revocable trust of the borrower.