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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.
0. A Power of Attorney is a legal instrument that delegates an individualâs legal authority to another person. If an individual is incapacitated or mentally incompetent, the POA assigns a trusted party to make decisions on his or her behalf. Itâs hard to argue that anyone does not need a power of attorney.. A Power of Attorney is a legal instrument that delegates an individualâs legal authority to another person. If an individual is incapacitated or mentally incompetent, the POA assigns a trusted party to make decisions on his or her behalf. Itâs hard to argue that anyone does not need a power of attorney.