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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.
Power of Attorney is a legal proceeding in which a document, submitted by a principal, gives an agent the legal power to carry out decisions (powers) on behalf of the principal, either in all circumstances (general powers) or only in specific circumstances (limited powers) should that principal become incapacitated.