Create Your Document In Just 3 Easy Steps:
What is a Personal Financial Statement?
Personal Financial Statements can help save time when you're consulting with a professional such as an attorney, financial planner, estate planner, real estate agent, or broker. They can also be useful when you are starting a new business, preparing to buy real estate, or working on a Prenuptial Agreement or estate plan. If you're planning to apply for a loan, lease, or a line of credit, having a financial statement prepared can help demonstrate creditworthiness and increase your odds at getting approved.
Note: If you are married and have combined all or some of your personal finances, a Joint Financial Statement may be more appropriate for your situation.
When to use a Personal Financial Statement:
- You're single and meeting with an estate planning attorney or financial planner.
- You're thinking about applying for a loan.
- You're planning to buy real estate or working on your estate plan.
- You'd like to get your liabilities and assets figured out.