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STATE OF RHODE ISLAND AND PROVIDENCE PLANTATIONS STATEMENT OF ASSETS, LIABILITIES, INCOME AND EXPENSES FAMILY COURT DR-6 / FINANCIAL STATEMENT Case #, S. C A DR-6 shall be filed with Complaints for
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How to fill out statement of assets
How to fill out statement of assets:
01
Begin by gathering all relevant documents such as bank statements, investment records, property deeds, and any other documentation that provides information on your assets.
02
List all your cash and bank accounts, including checking, savings, and money market accounts. Provide the account numbers, the name of the financial institution, and the current balance for each account.
03
Include any investments you have, such as stocks, bonds, mutual funds, or retirement accounts. Provide the account numbers, the name of the financial institution, and the current value of each investment.
04
If you own any real estate properties, list them along with their estimated value. Include any mortgages or loans associated with the properties.
05
Include any vehicles you own, such as cars, motorcycles, boats, or recreational vehicles. Provide the make, model, year, and estimated value for each vehicle.
06
If you own any valuable personal belongings like jewelry, artwork, or collectibles, list them along with their estimated value.
07
If you have any other assets, such as business interests or intellectual property, provide details and estimated values.
08
Total up the value of all your assets and include it at the end of the statement.
09
Review the statement to ensure all information is accurate and up to date. Make any necessary revisions or updates.
10
Sign and date the statement to certify its accuracy.
Who needs statement of assets:
01
Individuals applying for loans or mortgages may be required to submit a statement of assets to provide information on their financial standing and collateral.
02
Divorcing couples may need to prepare a statement of assets to determine the distribution of marital assets during the divorce proceedings.
03
Estate planning and probate processes often require a statement of assets to determine the value of an individual's estate and facilitate the distribution of assets after their passing.
04
Insurance companies may request a statement of assets when assessing the insurability and coverage needs of an individual or business.
05
Organizations or individuals involved in financial transactions, such as mergers, acquisitions, or partnerships, may require a statement of assets to evaluate the financial strength and value of the entities involved.
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What is statement of assets?
The statement of assets is a document that provides a detailed listing of an individual's or organization's assets.
Who is required to file statement of assets?
Individuals or organizations who are required by law or regulation to do so.
How to fill out statement of assets?
The statement of assets can be filled out by listing each asset owned and providing relevant details such as the value and acquisition date.
What is the purpose of statement of assets?
The purpose of the statement of assets is to provide transparency and accountability by disclosing an individual's or organization's financial holdings.
What information must be reported on statement of assets?
Information such as the description, value, and date acquired of each asset must be reported on the statement of assets.
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