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In a statutory power of attorney, the language granting power with respect to estate, trust, and other. beneficiary transactions empowers the agent to act for the principal in all matters that affect a trust, probate estate, guardianship, conservatorship, escrow, custodianship, or other fund from which the.
A power of attorney is a legal document that gives to another person, your agent or attorney-in-fact, authority to make decisions for you and act on your behalf. Powers of attorney can be very broad, allowing your agent to do many things for you, or they can be limited, just giving your agent authority to do one specific act.