Published: Jan 18, 2011 10:36 PM EST
Updated: Jan 18, 2011 7:36 PM EST

FORT LAUDERDALE, Fla. (AP) - A Fort Lauderdale man is jailed on charges of plotting to hire a hit man to kill his brother in a dispute over their parents' $20 million estate.

Police said Tuesday that 59-year-old Jim Roy Watkins offered to pay $20,000 in advance and up to $80,000 more after the slaying. The tip came from a witness who cooperated with Fort Lauderdale police.

 In December, Watkins allegedly sent the purported hit man a packet containing photos of the brother, his house and his vehicle. The packet also contained the brother's address and a brochure about a nearby hotel.

Police say they recorded conversations in which the murder-for-hire plot was described. Watkins is jailed without bail. Court records did not list an attorney for him.

(Copyright 2011 by The Associated Press. All Rights Reserved.)