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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 in which one person (called the principal) gives to another person (the agent, or sometimes called the attorney in fact) authority to act on behalf of the principal. A power of attorney can be very broad, allowing the agent to perform a variety of tasks. For example: handling bank accounts