ACTIVITY: Prepare a Net Worth Statement
| Assets | Value | Joint | Spouse/Partner 1 | Spouse/Partner 2 | Total |
|---|---|---|---|---|---|
Personal | |||||
| Bank accounts | |||||
| Savings | |||||
| LIfe Insurance (cash value) | |||||
| Residence | |||||
| Recreational property | |||||
| Collectibles/valuables | |||||
| Vehicles | |||||
| Furniture | |||||
Investments and Retirement | |||||
| Pension plans | |||||
| Retirement plans | |||||
| Stocks, bonds, mutual funds | |||||
| Real estate | |||||
| Business | |||||
| Other investments | |||||
Total Assets (A) | |||||
Debts (D) | |||||
| Credit cards | |||||
| Taxes owed | |||||
| Lines of credit | |||||
| Investment loans | |||||
| Personal mortgage | |||||
| Automobile loans | |||||
| Students loans | |||||
| Other loans | |||||
Total Debts (D) | |||||
Net Worth = (A) - (D) | |||||