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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.
The person named in a power of attorney to act on your behalf is commonly referred to as your agent or attorney-in-fact.. With a valid power of attorney, your agent can take any action permitted in the document. Often your agent must present the actual document to invoke the power.