According to recent research, a majority of elderly people have executed an advance health care directive. The one most popular with the elderly is the living will. This is an estate planning document signed by the individual while alive, in which he or she directs health care providers what to do in case of terminal illness, brain death and similar end-of-life circumstances. There is legislation authorizing the use of a living will in all states, including Texas.
Many people who are unfamiliar with estate planning know that there is a difference between a will and a trust, but they aren’t sure what that difference is or how it applies to their estate. This post will provide a brief explanation both of wills and trusts, as well as some potential benefits and draw backs to each.
Many in Texas and the rest of the nation were shocked to learn of Oscar winner Philip Seymour Hoffman's sudden passing. As his family grieves his loss, they reportedly also have to deal with a complicated legal matter surrounding his will.