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.
A power of attorney is a contract between the principal and the attorney in fact, usually called the agent.. The durable power of attorney is the most important estate-planning tool the attorney has, allowing the principal to appoint the person of his choice to make important financial and health-care decisions.