Unrelated business income tax is a tax on all income earned from an unrelated business activity, minus tax deductions as a result of producing that income. An activity is unrelated business if it meets all three requirements: It is a trade or business.
Medical. Under Texas statutes, a medical power of attorney allows an agent or attorney-in-fact to make healthcare decisions on behalf of the principal, once the principal is declared incompetent by an attending physician.
Durable Power of Attorney for Health Care. A living will differs from a durable power of attorney for health care because a living will delineates your wishes specifically, whereas a power of attorney for health care allows someone else -- your agent -- to make your health care decisions for you. Your health care agent must act consistently with your wishes, if he knows what your wishes are.