My Net Worth Statement

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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