a listing of all assets and liabilities
a picture of what you own and what you owe
a snapshot of your current financial situation and is also useful for other purposes, such as preparing for major expenses
a snapshot of your current financial situation, and will give you
a tool to measure progress toward meeting long-term financial goals, such as paying off major debts, financing your own or your children's education, saving for your own home, or saving for retirement
see Statement of Financial Position
the balance sheet which shows what you own, assets – and what you owe, liabilities. Assets minus liabilities tells you what your net worth is – and that's the starting point for your estate planning.
Current listing of your assets and liabilities
Balance sheet showing what an individual owns (assets) versus what he owes (liabilities). To access your own printable net worth worksheet, please click here.
A document that sets forth in detail all assets, liabilities, income and expenses. The parties exchange copies of this document to facilitate the discovery and the disposition of the economic issues of the divorce.
