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Get the free personal net worth statement - Instafund (Commercial)

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WWW.instafundcommercial.com Installed Financial (Commercial) Suite 1100 1040 West Georgia Street, Vancouver BC Canada V6E 4H1 Tel: 6046872020 Fax: 6046872070 PERSONAL NET WORTH STATEMENT Personal
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How to fill out personal net worth statement

01
Gather all financial documents such as bank statements, investment statements, property deeds, and loan documents.
02
List down all your assets such as cash, savings, investments, real estate properties, vehicles, and valuable possessions.
03
Assign a value to each asset based on its current market value or appraised value.
04
Calculate the total value of your assets by summing up the individual values.
05
List down all your liabilities such as mortgages, loans, credit card debts, and outstanding bills.
06
Assign a value to each liability based on the amount owed.
07
Calculate the total value of your liabilities by summing up the individual values.
08
Subtract the total liabilities value from the total assets value.
09
The result is your personal net worth, which represents your financial worth at a given point in time.

Who needs personal net worth statement?

01
Individuals who want to assess and track their financial progress
02
Financial planners and advisors who need accurate information for making investment or retirement planning decisions
03
Banks and lenders who require net worth statements as part of loan application processes
04
Business owners and entrepreneurs who want a clear picture of their personal financial situation
05
Individuals going through major life events such as marriage, divorce, or retirement
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A personal net worth statement is a document that outlines an individual's assets, liabilities, and net worth.
Individuals who are required to file personal net worth statement are usually those in high-level positions or those seeking financial assistance.
To fill out a personal net worth statement, one must list all assets and liabilities, calculate the difference to determine net worth, and provide supporting documentation.
The purpose of a personal net worth statement is to provide a snapshot of an individual's financial situation at a specific point in time.
Information that must be reported on a personal net worth statement includes assets such as cash, investments, and real estate, as well as liabilities such as loans and mortgages.
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