Get the free PERSONAL FINANCIAL STATEMENT - CBC Partners LLC

T 425.688.7788 305 108th Ave NE, Suite 101 F 425.688.7003 Bellevue WA 98004 www.cbcpartnersllc.com PERSONAL FINANCIAL STATEMENT Name Date of Birth SSN Address City State Zip Home Phone CEL Phone Work

How to fill out personal financial statement

How to fill out personal financial statement:

1. Start by gathering all relevant financial documents, such as bank statements, investment statements, tax returns, and pay stubs.
2. List your assets, including cash, savings accounts, investments, real estate, vehicles, and any valuable possessions.
3. Calculate the value of each asset accurately and include it in the corresponding section on the financial statement.
4. Next, list your liabilities, such as credit card debt, student loans, mortgages, and any other outstanding loans or debts.
5. Provide the necessary details for each liability, including the outstanding balance, minimum monthly payment, and interest rate.
6. Calculate your net worth by subtracting your total liabilities from your total assets. This will give you an overall financial snapshot.
7. Now, move onto your income. Include all sources of income, such as salaries, bonuses, rental income, investments, and any other regular income streams.
8. Specify the amount of income earned from each source and calculate the total income for the specified period.
9. Proceed to list your expenses. This should include all regular monthly expenses, such as housing costs, utilities, transportation, groceries, entertainment, and debt payments.
10. Be thorough and include every expense, no matter how small, to have an accurate representation of your financial situation.
11. Subtract your total expenses from your total income to determine your monthly cash flow.
12. Finally, review all the information on your personal financial statement to ensure accuracy and completeness.

Who needs a personal financial statement:

1. Individuals applying for a loan: Most lenders require a personal financial statement to assess the borrower's financial health and ability to repay the loan.
2. Potential investors: If you are seeking investors for a business venture, they will often request a personal financial statement to evaluate your financial stability.
3. Estate or financial planners: Professionals in these fields may require a personal financial statement to create comprehensive financial plans or assess potential risks.
4. Divorce or separation proceedings: During divorce or separation, a personal financial statement helps in determining asset division and financial support calculations.
5. Personal financial planning: Creating a personal financial statement can be beneficial for individuals who want to track their assets, liabilities, income, and expenses to make informed financial decisions and plan for the future.

For pdfFiller’s FAQs

What is personal financial statement?

A personal financial statement is a document that outlines an individual's financial position by detailing their assets, liabilities, income, and expenses.

Who is required to file personal financial statement?

Public officials, candidates for public office, and certain other individuals are required to file personal financial statements to disclose their financial interests and potential conflicts of interest.

How to fill out personal financial statement?

Individuals can typically fill out a personal financial statement by providing detailed information about their assets, liabilities, income, and expenses on a designated form provided by the appropriate government agency or organization.

What is the purpose of personal financial statement?

The purpose of a personal financial statement is to provide transparency and accountability regarding an individual's financial situation, helping to identify potential conflicts of interest and ensure ethical conduct in public office.

What information must be reported on personal financial statement?

Personal financial statements typically require individuals to report detailed information about their assets (such as real estate, investments, and personal property), liabilities (such as debts and loans), income (such as salary and investments), and expenses (such as mortgage payments and utilities).

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