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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.
Is Power of Attorney in One State Recognized by Another State? By Heather Frances J.D. A power of attorney is a legal document in which you give someone else the authority to act on your behalf. The person you grant authority to is referred to as your agent, and you are referred to as the principal.