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8 Jul 2004 ... PERSONAL FINANCIAL STATEMENT ... CO-APPLICANT INFORMATION (Type or Print) ... STATEMENT OF FINANCIAL CONDITION AS OF: ...
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How to fill out a personal financial statement:

01
Gather all relevant financial documents such as bank statements, investment account statements, and tax returns.
02
Start by filling out your personal information including your name, address, and contact information.
03
List all your assets, including cash, real estate holdings, investments, and vehicles. Be sure to include the estimated value for each asset.
04
Document all your liabilities, such as mortgages, credit card debt, student loans, and any other outstanding loans or debts.
05
Calculate your net worth by subtracting your liabilities from your assets.
06
Provide details about your income sources, including salaries, bonuses, dividends, rental income, or any other sources of income.
07
List your monthly expenses, including housing costs, transportation expenses, utility bills, insurance premiums, and any other regular expenses.
08
Subtract your expenses from your income to calculate your monthly savings or deficit.
09
Provide any additional information required, such as information about your business or any co-ownership of assets with other individuals.
10
Review the completed personal financial statement for accuracy and make any necessary adjustments before finalizing.

Who needs a personal financial statement:

01
Individuals applying for loans: Banks and financial institutions often require personal financial statements from individuals applying for loans to assess their financial health and ability to repay the loan.
02
Small business owners: Personal financial statements are useful for small business owners who may need to include their personal financial information when applying for business loans or seeking investors.
03
High net worth individuals: Individuals with significant assets or extensive investment portfolios may need to regularly complete personal financial statements to track their wealth and financial position.
04
Individuals going through major life events: During divorce proceedings, estate planning, or bankruptcy filings, personal financial statements may be necessary to assess the financial situation accurately.
05
Financial planners and advisors: Personal financial statements are valuable tools for financial planners and advisors to understand their clients' financial status and provide appropriate advice and recommendations.
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A personal financial statement is a document that outlines an individual's financial position at a specific point in time, including assets, liabilities, and net worth.
Individuals who are required to disclose their financial information to lenders, investors, or regulatory authorities may be required to file a personal financial statement.
To fill out a personal financial statement, individuals need to list their assets, liabilities, and calculate their net worth by subtracting liabilities from assets.
The purpose of a personal financial statement is to provide an overview of an individual's financial health and help make informed decisions regarding financial matters.
On a personal financial statement, individuals must report their assets, liabilities, income, expenses, and net worth.
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