Get the free Personal Financial Statement - Premier Banks

Personal Financial Statement TO: PREMIER BANK CONTACT YOUR REPRESENTATIVE AT THE BANK IF YOU HAVE ANY QUESTIONS REGARDING THE COMPLETION OF THIS FORM YOU MAY APPLY FOR A CREDIT EXTENSION OF FINANCIAL

How to fill out personal financial statement

How to fill out personal financial statement?

1. Gather all necessary documents such as bank statements, investment statements, tax returns, loan statements, and credit card statements.
2. Start by filling out your personal information section which includes your name, address, contact information, and social security number.
3. Move on to the assets section and list all your assets such as cash, savings accounts, investments, retirement accounts, real estate properties, vehicles, and any other valuable possessions. Be sure to provide accurate and up-to-date values for each item.
4. Proceed to the liabilities section where you need to include all your debts and outstanding loans. This may include credit card debts, student loans, mortgage loans, car loans, and any other types of loans you have.
5. Calculate your net worth by subtracting the total liabilities from the total assets. This will give you an overview of your overall financial position.
6. Next, move on to the income section where you need to provide information about your sources of income such as salaries, wages, investments, rental income, or any other sources you may have.
7. After that, include your monthly living expenses which may include rent or mortgage payments, utility bills, insurance premiums, transportation costs, groceries, and other regular expenses.
8. Deduct your monthly expenses from your monthly income to calculate your disposable income or monthly surplus.
9. Provide information about any additional sources of income or expenses in the miscellaneous section.
10. Finally, review and double-check all the information you have provided for accuracy. Make sure you have accounted for all your assets, liabilities, income, and expenses correctly.

Who needs personal financial statement?

1. Individuals applying for loans: Banks and financial institutions often require a personal financial statement from loan applicants to assess their creditworthiness and determine the likelihood of repayment.
2. Small business owners: When seeking funding or credit for their business, small business owners may be asked to submit a personal financial statement along with their business financial statements.
3. Investors: Investors may request personal financial statements from individuals before making investment decisions or providing capital for ventures.
4. Professionals in high liability occupations: Professionals such as doctors, lawyers, or architects may need to provide personal financial statements as part of their professional licensing requirements or to secure professional liability insurance.
5. Individuals going through divorce or legal disputes: Personal financial statements can be vital in divorce proceedings or litigation cases to determine the individual's financial standing and the division of assets.
6. Estate planning purposes: Personal financial statements are crucial for estate planning to assess an individual's net worth and plan for the distribution of assets after their death.
7. Individuals tracking their financial progress: Even if not required by a specific institution, individuals may choose to create personal financial statements to monitor their finances, set financial goals, and track their progress over time.

For pdfFiller’s FAQs

What is personal financial statement?

A personal financial statement is a document that outlines an individual's financial situation, including assets, liabilities, income, and expenses.

Who is required to file personal financial statement?

Certain individuals such as elected officials, government employees, and candidates for public office may be required to file a personal financial statement.

How to fill out personal financial statement?

To fill out a personal financial statement, individuals typically list their assets, liabilities, income, and expenses on a designated form provided by the relevant authority.

What is the purpose of personal financial statement?

The purpose of a personal financial statement is to disclose an individual's financial standing, help prevent conflicts of interest, and promote transparency and accountability.

What information must be reported on personal financial statement?

Information such as bank accounts, real estate holdings, investment accounts, debts, sources of income, and business interests must typically be reported on a personal financial statement.

How do I execute personal financial statement online?

Filling out and eSigning personal financial statement is now simple. The solution allows you to change and reorganize PDF text, add fillable fields, and eSign the document. Start a free trial of pdfFiller, the best document editing solution.

How do I edit personal financial statement straight from my smartphone?

Using pdfFiller's mobile-native applications for iOS and Android is the simplest method to edit documents on a mobile device. You may get them from the Apple App Store and Google Play, respectively. More information on the apps may be found here. Install the program and log in to begin editing personal financial statement.

How do I edit personal financial statement on an iOS device?

Create, modify, and share personal financial statement using the pdfFiller iOS app. Easy to install from the Apple Store. You may sign up for a free trial and then purchase a membership.