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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