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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 limited power of attorney only permits an agent to act for the principal in areas it specifically defines. For example, a limited power of attorney may only grant an agent the right to sell the principalâs house or change the terms of a living trust the principal created.The agent cannot act for the principal in any other area other than what the power of attorney permits. general power of attorney allows an agent to do anything that the principal would be able to do. With a general power of attorney, an agent usually could sell a principalâs house, change the terms of his living trust, and many other things without restriction.