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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.
Definitions of Durable and Non-Durable Power of Attorney By Tom Streissguth A power of attorney, or POA, grants an individual (âagentâ) the legal authority to make decisions on behalf of another individual (âprincipalâ). The decision can involve legal, financial or health matters. The power of attorney may be limited in scope; it may also be more general, allowing the agent a wide range of legal powers. A durable power of attorney refers to the agentâs authority when the principal is incapacitated. A power of attorney, or POA, grants an individual (âagentâ) the legal authority to make decisions on behalf of another individual (âprincipalâ).