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.
Power of attorney. A power of attorney is an agreement between two parties: a principal and an attorney in fact. The attorney in fact need not be an attorney at law (a lawyer). A power of attorney gives the attorney in fact rights to act in the principal's place.Attorneys in fact are fiduciaries of their principals.Powers of attorney may be general, limited, or special.he attorney in fact need not be an attorney at law (a lawyer). A power of attorney gives the attorney in fact rights to act in the principal's place. Attorneys in fact are fiduciaries of their principals. Powers of attorney may be general, limited, or special.