Case Study: Building Meaningful Relationships
Building Meaningful Relationships
Jane and Joseph Cooper were referred to JDJ by their accountant, who knew their household employment situation was in disarray. Members of the staff were being paid under the table, there were no employment agreements in place, and some employees were even taking advantage of household credit cards. JDJ addressed the problem by implementing proper background and credit checks, employment agreements, payroll with tax withholding, EPLI and worker’s compensation insurance, and even helping the family terminate problem employees.
As the relationship evolved, Joe asked if we could also help with bill paying for the family. After this task was transitioned, Jane requested comprehensive budget and cash flow reporting to help her understand and manage household expenses. During our next meeting to review the expense and cash flow reporting, Joe asked if we could expand their reporting package to include a full balance sheet, a request we were happy to accommodate.
Fast forward a few years. Jane and Joe have become full-service JDJ clients, calling on us to assist them as well as Jane’s elderly parents. We work closely with the family’s estate attorneys to make sure plans are administered properly, and with their tax advisor to track down and organize all the information needed to prepare their complicated returns. The household is running smoothly, and expenses are understood and anticipated. We also coordinated with the Cooper’s wealth manager to put in place a standard monthly distribution to fund operating expenses, allowing them to manage the family’s portfolio much more efficiently.
In short, the Cooper’s team of advisors is working proactively on their behalf, in regular communication with each other, quarterbacked by the team at JDJ. Joe recently remarked, “I’m so glad to have JDJ watching my back!”
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.
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.