A net worth statement template is a pre-formatted document that helps you organize and calculate your assets, liabilities, and overall financial position. It simplifies the process of preparing a net worth statement, ensuring all important information is included and easy to read. Using a template is especially useful for personal financial planning, business owners, and high-net-worth individuals who need to track or report their financial health.
What Does a Net Worth Statement Template Include?
Most templates include the following sections:
- Assets: Cash, savings, checking accounts, investments, retirement accounts, real estate, vehicles, and other valuable possessions.
- Liabilities: Mortgages, loans, credit card balances, taxes owed, and other debts.
- Net Worth Calculation: Total assets minus total liabilities.
- Income and Expenses (Optional): Monthly or annual cash flow for additional context.
- Supporting Notes: Space to reference documentation, account numbers, or valuations.
Templates often use tables for clarity and may include formulas to automatically calculate totals and net worth.
Why Use a Net Worth Statement Template?
Using a template has several benefits:
- Organization: Keeps all financial information structured and easy to follow.
- Accuracy: Reduces calculation errors by providing pre-set formulas.
- Professionalism: Creates a polished document for courts, lenders, or business partners.
- Time-Saving: Eliminates the need to build a statement from scratch.
- Planning Tool: Helps track financial progress over time.
Important Considerations
While a template is helpful for creating your own net worth statement, official purposes—such as court cases, loan approvals, or immigration sponsorship—typically require certification by a CPA or licensed professional. Templates can guide your preparation but cannot replace professional verification.
How to Get Started
- Download a free or paid net worth statement template.
- Collect all financial documents, including bank statements, investments, loans, and property records.
- Fill in the template, double-check totals, and calculate net worth.
- For official use, have a CPA or qualified professional review and certify the statement.
Need a Certified Net Worth Statement?
Dimov Tax can help prepare CPA-certified net worth statements using your data from templates or personal records, making them court-ready, lender-ready, or compliant with regulatory requirements. Contact us today to get started.