Case Study: Personal Accounting and Net Worth Reporting
Personal Accounting and Net Worth Reporting
Mr. Edward was a very busy man with a family, two homes and multiple business ventures. As one of his ventures evolved, the complexity of Mr. Edward’s day-to-day activities increased. JDJ was introduced to Mr. Edward by his attorney to assist with bill paying, net worth reporting and other personal accounting tasks, allowing Mr. Edward to devote his time to his family and business.
Anticipating a liquidity event for one of his businesses, JDJ collaborated with Mr. Edward and his investment advisor to design an investment plan to support Mr. Edward’s wealth transfer intentions and address his income needs. Thanks to the diligent work of JDJ and the team of advisors, when Mr. Edward realized the gain on his venture, the transaction occurred in a tax efficient manner and the proceeds were seamlessly transitioned into investments reflecting the agreed upon portfolio strategy.
As Mr. Edward’s wealth increased due to the success of his business ventures, it became apparent that he needed a new estate plan. Working with his tax advisor, estate attorney, and JDJ, Mr. Edward created an updated estate plan that reflected his family and philanthropic wealth transfer goals. JDJ helped execute the plan, handled the re-titling of assets and today provides ongoing trust administration and accounting services.
Jane and Joseph Cooper were referred to JDJ by their accountant, who knew their household employment situation was in disarray.
Trust and Estate
Mr. Jones had a complicated estate plan consisting of multiple trusts. In addition, he had a disabled child who would benefit from a special needs trust.
Tax Planning and
It was September 30th and Ms. Murphy’s tax accountants desperately needed long overdue information to complete her very complicated tax return by the October 15th deadline.
The Wilson family decided to purchase a home in an area of Florida where they often vacationed, and asked JDJ to assist them with this undertaking.
Wealth Analysis Tools
Mr. Marcus is a successful entrepreneur with multiple wealth managers, an active interest in alternative investments, and a net worth of over $100 million.
The Martin family came to JDJ for assistance managing their busy lives, which included young children, demanding careers, and multiple homes.
Acquisition of a yacht can be one of the stepping stones you have planned for in your life. Taking care of details, to ensure you enjoy that achievement is our job.
It can be challenging for children of affluence to handle money in a responsible manner. As a result of our long-term client relationships, JDJ often works with multiple generations of a family...
Questions? Contact us to learn how JDJ can make a difference in your life.