Net Worth Statement Template

How to Create a New Worth Statement?

All financial information in a Net Worth Statement is categorized under two main categories - assets and liabilities:

1. Assets .

   • Cash and bank accounts . This subdivision includes details of cash in hand, checking accounts, savings account, cash value of life insurance, etc.;
   • Investments . This is comprised of details of stocks, bonds, annuities, mutual funds, pension plans, etc.;
   • Personal property . Include assets of your personal estate, such as automobiles, home furnishing, jewelry, collections, etc.

2. Liabilities .

   • Current debts . Record debts like household, medical, legal, credit card, etc.;
   • Mortgage . Details of any kind of mortgage debts like home, land, etc.;
   • Loans . The value of debts like bank loans, automobile loans, education loans, life insurance loans, personal loans, etc.

Once this data is arranged, the sum of all items in the "Assets" column will result in the "Total Assets" amount. The "Total Liabilities" amount is calculated by adding all items under the "Liabilities" column. The difference between the "Total Assets" and the "Total Liabilities" will be the "Net Worth." By signing the Net Worth Statement, you pledge that all the data contained in the sheet is updated and correct.

Still looking for a particular template? Take a look at the related templates below:

• Financial Affidavit Form;
• Expense Report Template;
• Paycheck Calculator Template.