Section 1.14 Agency
| Library | Trusts and Powers 2013 Supp |
C. (§1.14) Agency
An agency or power of attorney to another as agent is not a trust even though the agent may in some instances be in a fiduciary relationship with the principal. An agent represents and acts for the principal, but a trustee is a person in whom some property interest is vested for the benefit of another. Taylor v. Davis, 110 U.S. 330, 334–35 (1884). Furthermore, an agency relationship or power of attorney, except when coupled with an...
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