(a) In this section, “estate, trust, or other beneficial interest” means a trust, probate estate, guardianship, conservatorship, escrow, or custodianship or a fund from which the principal is, may become, or claims to be, entitled to a share or payment.
(b) Unless the personal power of attorney otherwise provides, language in a personal power of attorney granting general authority with respect to estates, trusts, and other beneficial interests authorizes the agent to:
(1) Accept, receive, receipt for, sell, assign, pledge, or exchange a share in or payment from an estate, trust, or other beneficial interest;
(2) Demand or obtain money or another thing of value to which the principal is, may become, or claims to be, entitled by reason of an estate, trust, or other beneficial interest, by litigation or otherwise;
(3) Exercise for the benefit of the principal a presently exercisable general power of appointment held by the principal;
(4) Initiate, participate in, submit to alternative dispute resolution, settle, oppose, or propose or accept a compromise with respect to litigation to ascertain the meaning, validity, or effect of a deed, will, declaration of trust, or other instrument or transaction affecting the interest of the principal;
(5) Initiate, participate in, submit to alternative dispute resolution, settle, oppose, or propose or accept a compromise with respect to litigation to remove, substitute, or surcharge a fiduciary;
(6) Conserve, invest, disburse, or use anything received for an authorized purpose;
(7) Transfer an interest of the principal in real property, stocks and bonds, accounts with financial institutions or securities intermediaries, insurance, annuities, and other property to the trustee of an existing trust created by the principal as settlor for the benefit of the principal; and
(8) Renounce or resign from any fiduciary position held by the principal.
Structure Delaware Code
Title 12 - Decedents' Estates and Fiduciary Relations
Chapter 49A. DURABLE PERSONAL POWERS OF ATTORNEY ACT
§ 49A-201. Grant of general authority; authority that requires specific grant.
§ 49A-202. Incorporation of authority.
§ 49A-203. Construction of authority generally.
§ 49A-205. Tangible personal property.
§ 49A-207. Commodities and options.
§ 49A-208. Banks and other financial institutions.
§ 49A-209. Operation of entity or business.
§ 49A-210. Insurance and annuities.
§ 49A-211. Estates, trusts, and other beneficial interests.
§ 49A-212. Claims and litigation.
§ 49A-213. Personal and family maintenance.
§ 49A-214. Benefits from governmental programs or civil or military service.