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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.
Courts also recognize three different types of agency relationships: Universal agency: The agent can act for the principal in all or nearly all matters. A person who holds power of attorney to act for another person, such as an incapacitated family member, is generally seen as a universal agent.