Utah Code
Page 17
(11) collect, sell, assign, hypothecate, borrow against, or pledge the interest of the principal in a
contract of insurance or annuity;
(12) select the form and timing of the payment of proceeds from a contract of insurance or annuity;
and
(13) pay, from proceeds or otherwise, compromise or contest, and apply for refunds in connection
with a tax or assessment levied by a taxing authority with respect to a contract of insurance or
annuity or its proceeds or liability accruing by reason of the tax or assessment.
Enacted by Chapter 256, 2016 General Session
Renumbered 9/1/2024
75-9-211 Estates, trusts, and other beneficial interests.
(1) In this section, "estate, trust, or other beneficial interest" means a trust, probate estate,
guardianship, conservatorship, escrow, custodianship, or fund from which the principal is, may
become, or claims to be entitled to a share or payment.
(2) Unless the power of attorney otherwise provides, language in a power of attorney granting
general authority with respect to estates, trusts, and other beneficial interests authorizes the
agent to:
(a) accept, receive, receipt for, sell, assign, pledge, or exchange a share in or payment from an
estate, trust, or other beneficial interest;
(b) 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;
(c) exercise for the benefit of the principal a presently exercisable general power of appointment
held by the principal;
(d) 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;
(e) 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;
(f) conserve, invest, disburse, or use anything received for an authorized purpose;
(g) 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 a revocable trust created by the principal as settlor; and
(h) reject, renounce, disclaim, release, or consent to a reduction in or modification of a share in or
payment from an estate, trust, or other beneficial interest.
Enacted by Chapter 256, 2016 General Session
Renumbered 9/1/2024
75-9-212 Claims and litigation.
Unless the power of attorney otherwise provides, language in a power of attorney granting
general authority with respect to claims and litigation authorizes the agent to:
(1) assert and maintain before a court or administrative agency a claim, claim for relief, cause of
action, counterclaim, offset, recoupment, or defense, including an action to recover property
or other thing of value, recover damages sustained by the principal, eliminate or modify tax
liability, or seek an injunction, specific performance, or other relief;