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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 document by which you, the principal, appoint and instruct an agent to carry out certain duties. Your agent need not be an attorney. For example, a spouse or trusted friend can act in this role. There are four types of Powers of Attorney.