Get the free PERSONAL FINANCIAL STATEMENT - Stonegate Bank

PERSONAL FINANCIAL STATEMENT Submitted to: STONEWARE BANK P.O. BOX 4678 Date: Fort Lauderdale, FL 33304 IMPORTANT: Read these directions before completing this Statement If you are applying for individual

How to fill out personal financial statement

How to fill out a personal financial statement:

1. Gather all necessary documents: Before starting to fill out your personal financial statement, gather all relevant financial documents such as bank statements, investment statements, tax returns, and any other relevant financial records. This will help ensure that you have accurate and up-to-date information.
2. Begin with personal information: The first section of the personal financial statement typically requires your personal information, including your name, address, contact details, social security number, and any other requested personal identification details. Fill in this information accurately.
3. Provide information about your assets: The next section of the personal financial statement usually requires you to list your assets. This includes items such as cash, savings accounts, investments, real estate, vehicles, and any other valuable belongings you own. Be sure to include the estimated value of each asset.
4. Detail your liabilities: After providing information about your assets, it is important to list your liabilities. This includes any outstanding debts or loans you have, such as credit card debt, student loans, mortgages, or car loans. Include the current balance and monthly payment amount for each liability.
5. Calculate your net worth: To calculate your net worth, subtract your total liabilities from your total assets. This will give you a clear picture of your overall financial standing. Make sure to accurately calculate this figure.
6. Disclose your income and expenses: The next step is to provide information about your income and expenses. This includes documenting your sources of income (e.g., salary, investments, rental income) as well as your monthly expenses (e.g., rent/mortgage, utilities, insurance, transportation). Be thorough and accurate in your reporting.
7. Consider including additional information: Depending on the purpose of the personal financial statement, you may need to include additional information such as financial goals, projected income, a summary of your financial situation, or any other relevant details. Ensure that you provide all required information as per the specific guidelines.

Who needs a personal financial statement?

A personal financial statement is typically required by individuals or entities that need to assess an individual's financial standing or creditworthiness. The following individuals or entities often require personal financial statements:

1. Banks and lenders: When applying for a loan, a bank or lender may require a personal financial statement to evaluate the individual's ability to repay the loan and assess their creditworthiness.
2. Investors: When seeking investment opportunities, individuals may be asked to provide a personal financial statement to demonstrate their financial stability and potential return on investment.
3. Estate planning purposes: When creating an estate plan, individuals may need to provide a personal financial statement to determine the value of their assets and plan for the distribution of their estate.
4. Financial advisors or planners: Individuals seeking professional financial advice or planning may be required to complete a personal financial statement to gain a comprehensive understanding of their financial situation.
5. Potential business partners: Individuals considering partnerships or joint ventures may need to provide a personal financial statement to evaluate their financial capacity to contribute to the business.

It is important to note that the specific requirements for a personal financial statement may vary depending on the requesting party or the purpose for which it is being requested. It is advisable to check the specific guidelines or consult with the requesting entity to ensure that the personal financial statement is completed accurately and meets the necessary requirements.

For pdfFiller’s FAQs

What is personal financial statement?

A personal financial statement is a document detailing an individual's financial position at a specific point in time.

Who is required to file personal financial statement?

Certain individuals such as elected officials, government employees, and candidates for public office are required to file personal financial statements.

How to fill out personal financial statement?

Personal financial statements can be filled out by gathering information on assets, liabilities, income, and expenses and organizing it into the appropriate sections of the form.

What is the purpose of personal financial statement?

The purpose of a personal financial statement is to provide an overview of an individual's financial health and to disclose any potential conflicts of interest.

What information must be reported on personal financial statement?

Information such as assets (real estate, investments, personal property), liabilities (loans, mortgages, other debts), income, and expenses must be reported on a personal financial statement.

How can I send personal financial statement to be eSigned by others?

Once you are ready to share your personal financial statement, you can easily send it to others and get the eSigned document back just as quickly. Share your PDF by email, fax, text message, or USPS mail, or notarize it online. You can do all of this without ever leaving your account.

How do I make changes in personal financial statement?

pdfFiller allows you to edit not only the content of your files, but also the quantity and sequence of the pages. Upload your personal financial statement to the editor and make adjustments in a matter of seconds. Text in PDFs may be blacked out, typed in, and erased using the editor. You may also include photos, sticky notes, and text boxes, among other things.

Can I edit personal financial statement on an iOS device?

Use the pdfFiller app for iOS to make, edit, and share personal financial statement from your phone. Apple's store will have it up and running in no time. It's possible to get a free trial and choose a subscription plan that fits your needs.