See FAQs for details. Copyright Â© 2015 BBC. The BBC is not responsible for the content of external sites. Read more. This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled.
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 Uniform Power of Attorney Act employs the term agent. As an agent, an attorney-in-fact is a fiduciary for the principal, so the law requires an attorney-in-fact to be completely honest with and loyal to the principal in their dealings with each other.