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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.
Last Will and Testament. Although power of attorney documents are flexible, they do not address who may administer the principal's estate upon the principal's death -- that is what a will is for. The powers granted to an agent are operable only during the principal's lifetime.