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Statement of High Net Worth (section 16A(1)© Consumer Credit Act 1974) I/We* (insert full name). Of (insert address and postcode). Confirm

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How to fill out statement of high net

01

Gather all the necessary financial documents such as bank statements, investment statements, and any other documentation that reflects your net worth.

02

Start by providing your personal information such as your full name, address, contact details, and identification number.

03

List all of your assets in detail, including cash, investments, real estate, valuable possessions, and any other forms of wealth.

04

Provide an accurate valuation for each asset, along with supporting documentation if required.

05

Include a breakdown of your liabilities, such as outstanding loans, mortgages, or other debts.

06

Calculate your net worth by subtracting your total liabilities from your total assets.

07

Provide any additional information or explanations that may be required by the statement form.

08

Review the completed statement for accuracy and completeness before submitting it.

09

Submit the statement of high net to the relevant institution or authority as specified.

Who needs statement of high net?

01

Individuals who are applying for a loan or mortgage and need to demonstrate their financial position and net worth.

02

High net worth individuals who are required to provide a statement of their assets and liabilities for legal or regulatory purposes.

03

Investors or entrepreneurs looking to secure funding or attract business partners who may request a statement of high net worth.

04

Wealth managers or financial advisors who need to assess the financial situation and net worth of their clients.

05

Trustees or executors of estates who are responsible for managing and distributing assets to beneficiaries and require a comprehensive statement of high net worth.

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