Jones & Watkins, LLC

[...] ; or threatening to take any action that is not intended to be taken, or that is illegal. A debt collector cannot call a debtor at any unusual or inconvenient time or place without the debtor’s [...]

[...] goes on and on.  When debt piles up, inevitably you will find yourself having to deal with debt collectors, who sometimes can be rude, deceptive, and abusive.  This article discusses a law passed by [...]

[...] ,000 In addition to the increases in income taxes, there will be very negative changes to the estate tax. The estate and gift tax exclusion amount will decrease from around $5 million per person to $1 [...]

[...] Estate Taxes in 2011 By Chris Watkins For several years, we have enjoyed ever-increasing estate tax exemption amounts.  Last year (2009), the exemption was $3.5 Million.  This year, there is no [...]

[...] New Estate Tax Laws Provide Some Temporary Relief By Chris Watkins Well, in typical Washington fashion, the [...]

[...] that will apply in 2013 if the law isn’t changed again. Gift Tax Exemptions.  Like the estate tax exemption, the gift tax exemption is now $5 Million for the next two years, increased from $1 [...]

[...] be dealt with this year. So what does this mean for estate taxes?  On January 1, 2011, the estate tax exemption (also known as the applicable exclusion amount) will drop to $1 Million per person, and [...]

[...] Al Davis‘s Estate Could Face Massive Estate Taxes By Chris Watkins Oakland Raiders owner, Al Davis, passed away over the weekend.  Forbes [...]

[...] Get Ready for Increased Estate Taxes in 2011 By Chris Watkins For several years, we have enjoyed ever-increasing estate tax [...]

[...] own finances, particularly the large sums of money that are usually paid out under life insurance policies. However, although the intent is good, there are all kinds of reasons not to do [...]

[...] less that that.  The reason for this is that the death benefits from their life insurance policies are counted as part of their taxable estate. The top estate tax rate will increase [...]

[...] thing many people don’t realize is that you have to factor in the death benefit of life insurance policies you own on your life.  So if you have a house, some retirement savings, and a life [...]

[...] ones who suffer are your children, who will get a smaller inheritance. For example, if your taxable estate is $2 Million at your death, the estate taxes will be $435,000.   The tax on a $3 Million [...]

[...] is that the death benefits from their life insurance policies are counted as part of their taxable estate. The top estate tax rate will increase from 35% to 60%. A very common question we are asked [...]

[...] the estate tax in 2013?”  Many experts say they expect that ultimately the estate tax exemption amount will be in the $3.5 million to $5 million range.  My response is always that [...]

[...] . Estate Tax Exemptions and Rates.  For the years 2011 and 2012, the new law sets the estate tax exemption amount at $5 Million per person, with a maximum estate tax rate of 35%.  If not for the TRA [...]

[...] ) is taxable income to the relative, and could potentially push the relative into a higher tax bracket. 4. Even if the relative fully intends to spend the money on the children, he/she would have [...]

[...] , and Job Creation Act of 2010 (or TRA 2010) as it pertains to estate taxes. Estate Tax Exemptions and Rates.  For the years 2011 and 2012, the new law sets the estate tax exemption amount at $ [...]