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Meadows, Collier, Reed, Cousins, Crouch & Ungerman, L.L.P.

901 Main Street, Suite 3700
Dallas, TX 75202

Phone: (214) 744-3700
Fax: (214) 747-3732
Toll Free: (800) 451-0093

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Jana L. Simons

Jana represents individuals and multi-generational families.  She primarily focuses on tax planning, drafting complex wills and trusts, implementing wealth preservation strategies, and charitable giving.  Jana emphasizes helping clients achieve their objectives by designing creative and functional solutions tailored to their specific goals—whether it involves business establishment or reorganization, or facilitating the administration of a trust or estate.

Jana draws from a vast breadth of experience in her law practice.  Prior to joining the firm, she managed a large horse ranch and cultivated successful real estate and insurance practices. Jana’s business-focused background allows her to understand her clients’ concerns and employ a practical approach to tax, estate, and business planning issues.

She holds an LL.M. in Taxation from Georgetown University Law Center with an academic concentration in Estate Planning.  During her time at Georgetown, Jana served as an extern for the United States Department of Justice, Tax Division.  While working on her J.D., Jana completed her Master’s degree in Personal Financial Planning, represented pro bono clients in tax controversy matters with the IRS, served as a Peer Financial Counselor, and clerked for the Honorable Robert L. Jones, United States Bankruptcy Court, Northern District of Texas.

Jana was admitted to practice in Texas in 2017.

  • Georgetown University Law Center, LL.M. in Taxation, 2018
    • Estate Planning Concentration
  • Texas Tech University School of Law, J.D., 2017
    • Texas Tech Law Review, 2015-2017
  • Texas Tech University, Master of Science in Personal Financial Planning, 2017
  • University of North Texas, B.A., 2006
  • Dallas Bar Association
    • Probate, Trusts & EstatesTax
  • American Bar Association
    • Real Property, Trust and Estate Law and Taxation
  • State Bar of Texas
    • Real Estate, Probate and Trust Law
    • Tax Section
  • Dallas Association of Young Lawyer
    • Co-Chair. Finance Committee        
  • Estate Planning Council of North Texas
  • Dallas Estate Planning Council
  • Financial Planning Association of Dallas/Fort Worth
  • Helen Hodges Education Charitable Trust Graduate Scholarship
  • Texas Tech School of Law Academic Merit Scholarship
  • Kaplan CFP Outstanding Student Award
  • Personal Financial Planning Graduate Recruitment Scholarship
February 28, 2019

Utilizing a Relative's Unused Lifetime Exemption to Eliminate Capital Gains Tax... [ read ]

Fundamentally, estate plans are designed to pass assets to future generations as efficiently as possible. Nevertheless, it might be beneficial to employ an "upstream transfer" to eliminate built-in gains on highly-appreciated or income-producing assets. This technique achieves an income tax basis adjustment by purposefully causing inclusion of certain assets in an ancestor's non-taxable estate at death—thus utilizing a relative's lifetime estate and gift tax exemption that would otherwise be wasted. The assets then revert back downstream to the original owner or his descendants.

January 25, 2019

The Tax Balancing Act: Minimizing Estate Tax and Maximizing Income Tax Basis... [ read ]

The lifetime estate and gift tax exemption has risen more than 1600% over the past two decades. In 2017, with an exemption of $5,490,000, there were roughly 5,200 taxable estates but with an exemption of $11,180,000, that tally is expected to fall under 2,000 taxable estates for the 2018 tax year. As fewer estates are subject to federal estate tax, the intersection of estate tax planning and income tax planning is more pivotal than ever before.

October 29, 2018

The ‘Silver Tsunami' and the Golden Age of Wealth Transfer... [ read ]

Studies estimate that over the next fifteen years, society's aging population will transfer an unprecedented $25 trillion in wealth accumulation to the next generation. The recent spike of the lifetime estate and gift tax exemption amount inflates the opportunities for successful wealth transfer.