California Probate Code

§ 4458

PROB § 4458 Effective Jan 1, 2012Div. 4.5 · Part 3 · Ch. 2

Statute text

In a statutory form 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 principal is, may become, or claims to be entitled, as a beneficiary, to a share or payment, including the power to do all of the following:

(a)Accept, receive, receipt for, sell, assign, pledge, or exchange, a share in, or payment from, the fund.

(b)Demand or obtain by litigation or otherwise money or other thing of value to which the principal is, may become, or claims to be entitled by reason of the fund.

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Legislative history

Amended by Stats. 2011, Ch. 113, Sec. 6. (AB 1082) Effective January 1, 2012.