Laserfiche WebLink
BK: 2688 PG: 1493 <br /> (W <br /> A. Collect,sell, assign,hypothecate,borrow on,or pledge the Principal's <br /> interest in an annuity contract; <br /> B. Procure new,different,and additional contracts of annuities for the <br /> Principal and the Principal's spouse,children and other dependents and select the amount,type <br /> of annuity and mode of payment; <br /> C. Continue,modify,rescind,release,or terminate a contract procure by the <br /> Principal or on the Principal's behalf that provides an annuity to either the Principal or another <br /> person,whether or not he is a beneficiary under the contract. <br /> D. Pay proceeds or otherwise compromise or contest and apply for refunds in <br /> connection with a tax or assessment levied by a taxing authority with respect to a contract of <br /> insurance or annuity or its proceeds or liability accruing by reason of the tax or assessment. <br /> E. Change the beneficiary of an annuity contract,although the Agent may not <br /> be designated a beneficiary. The Agent may continue to be a beneficiary as long as he is already <br /> named as a beneficiary under a contract procured by the Principal while having legal capacity to <br /> do so. <br /> AUTHORITY OVER RETIREMENT ACCOUNTS <br /> (W <br /> 16. To establish one or more Individual Retirement Accounts(IRAs)and employee <br /> benefits plans(including a plan for a self-employed individual)on the Principal's behalf;to <br /> contribute to any IRA or plan held in the Principal's name; to roll over or direct transfers of plan. <br /> benefits into other retirement plans or RRA accounts at the same company or at another company; <br /> to manage the accounts;to withdraw from any account without limitation;to select or change <br /> payment options;to apply for and make any elections under any IRA or employee benefit plan in <br /> which the Principal is a participant,including elections required for payment of any and all types <br /> of employee benefits to which the Principal may be entitled;to take possession of all such <br /> benefits;and to distribute such benefits to or for the Principal's benefit. The Agent shall not <br /> have the power to designate and change beneficiaries. <br /> AUTHORITY OVER ESTATE AND TAX PLANNING <br /> 17. To prepay or postpone property taxes,income taxes or other taxes. The Agent <br /> pay or postpone deductible expenses,sell or postpone the sale depreciated assets in order to <br /> preserve availability of tax losses,and otherwise manage the tax efficiency of the Principal's <br /> property and business transactions. The Agent may also borrow such sums as the Agent finds <br /> necessary for the proper management of the Principal's property,including but not limited to tax <br /> and estate planning matters,and to mortgage,convey by deed of trust,grant security interests in, <br /> DPOA of Allan Marshall Edward Licht <br /> aka.A.Marshall Licht <br /> (W PAGE 6 <br /> 111 <br />