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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.
Statutory Powers of Attorney Any writing or other record that grants authority to a person to act for another person will be read as a power of attorney. A power of attorney need not say âpower of attorneyâ on it. Read the Law: MD Estates & Trusts Â§Â§17-101. The Maryland General and Limited Power of Attorney Act created a specific kind of power of attorney called a âstatutory form power of attorney.â