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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.
A valid power of attorney requires two parties: the principal -- person signing the power of attorney; and agent -- person given power to act on behalf of the principal.