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BK: 2688 PG: 1494 ti (W or otherwise encumber any real or personal property now or hereafter owned by the Principal, whether acquired by the Principal or the Agent. 18. To prepare and file all income and other federal and state tax returns which the principal is required to file;to sign the principal's name on tax returns,including Forms(e.g., IRS 1040,FTB 540);hire preparers and advisors and pay for their services; and to do whatever is necessary to protect the principal's assets from assessments for income taxes and other taxes. The agent is specifically authorized to receive confidential information;to receive checks in payment of any refund of taxes,penalties,or interest;to.execute waivers(including offers of waivers)of restrictions on assessment or collection of tax deficiencies and waivers of notice of disallowance of claims for credit or refund;to execute consents extending the statutory period for assessment or collection of taxes;to execute closing agreements under Internal Revenue Code section 7121,or any successor statute; and to delegate authority or substitute another representative with respect to all above matters. 19. To-make gifts on the principal's behalf to a class composed of the principal's children,any of their issue,or both to the full extent of the federal annual gift tax exclusion under Internal Revenue Code section 2503(b)or any successor statute,and for such purposes to remove the principal's assets from any grantor revocable trust of which the principal is a grantor. 20. To transfer assets to and remove assets from any and all revocable living trusts of which the principal is or becomes a settlor. (W 21. To make direct payments to the provider for tuition and medical care for the principal's issue under Internal Revenue Code section 2503(e)or any successor statute that excludes such payments from gift tax liability. 22. To execute and deliver disclaimer under Internal Revenue Code§2518 and California Probate Code §§260-295 or any successor statute. AUTHORITY TO EMPLOY PROFESSIONAL ADVISERS 23. To employ and discharge any accountants, attorneys,investment counsel,real estate broker,property managers,bookkeepers,consultants,custodians,auditors,appraisers,or any other professionals that the Agent deems reasonably necessary for the proper management and protection of the Principal's affairs,for the maintenance of proper accounts and records,and for advise in carrying out the Agent's duties and responsibilities under this instrument. Without limiting the foregoing,the Agent is authorized to employ investment managers,investment agents,or other investment specialists as the Agent deems necessary or desirable. Specifically, the Agent is authorized to appoint an investment manager to manage all or any part of the Principal's assets and to delegate to such manager investment discretion that is not inconsistent with the Agent's duties under this instrument or applicable law. Such appointment may include DPOA of Allan Marshall Edward Licht alta.A.Marshall Licht PAGE 7 112