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My Net Worth Statement

How A Net Worth Statement Works For You

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A Net Worth Statement serves a batch of purposes. It:

  • Provides a snapshot of your finances.
  • Shows the amount of cash you can access immediately in an emergency.
  • Identifies assets you could access over a period of time.
  • Provides a benchmark for future comparison so you can track your progress toward your financial goals.
  • Gives you a basis from which you can project your future financial standing.
  • Helps you evaluate your property, casualty, and liability insurance needs.
  • Shows what assets you can leave to your heirs, and whether your estate might be subject to estate taxes.

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