Case Study: Trust and Estate Administration
Trust and Estate Administration
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. Mr. Jones asked JDJ to help administer the family trusts and assist with the creation and administration of the special needs trust.
For the family trusts, JDJ organized the trust documents, created abstracts, listed and scheduled various administrative tasks and created a separate accounting for each entity in order to track income, expenses and capital values.
For the special needs trust, JDJ collaborated with counsel in drafting the trust document and obtaining appropriate public assistance for the disabled child. We also assisted with the investment plan, providing data the investment advisor needed to construct a portfolio that would produce current income but preserve capital for the child’s anticipated life expectancy. Today, JDJ provides ongoing bookkeeping for the trust and works closely with the trustee, processing distributions and acting as the family’s liaison with various medical and personal care professionals.
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.
Jane and Joseph Cooper were referred to JDJ by their accountant, who knew their household employment situation was in disarray.
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.