Identify your personal assets and liabilities: Personal Financial Statement
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.
Sample Personal Financial Statement
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PERSONAL FINANCIAL STATEMENT
prepared for
on
| Name |
| Address |
| , |
| Home Phone |
| Birthdate |
| This statement is prepared to be |
(not included in asset total)
(not included in asset total)
SUMMARY LISTING OF ASSETS AND LIABILITIES
| ASSETS | Amount |
| _____________ |
| TOTAL ASSETS: |
| LIABILITIES | Amount |
| _____________ |
| TOTAL LIABILITIES: |
| NET WORTH: |
| ============ |
SOURCES OF MONTHLY INCOME:
| Investment Accounts |
| Trusts |
| Other Sources |
| _____________ |
| TOTAL MONTHLY INCOME |
MONTHLY EXPENSES:
| Child Care |
| Food |
| Health Care/Medication |
| Utilities |
| Housing/Rent |
| Other Mortgage Loans |
| Auto Loans |
| Auto Insurance |
| Other Insurance |
| Credit Cards |
| Student Loans |
| Other Expenses (including clothing, recreation, misc.) |
| _____________ |
| TOTAL MONTHLY EXPENSES |
I certify and warrant that to the best of my knowledge the information contained in this Personal Financial Statement is true, correct and complete.
The Personal Financial Statement is not a legal document and does not require any signature, witnesses or notarization.
| _____ | If a certification as to the accuracy and completeness of the financial statement is required, it will be necessary for to sign the statement. |
| ____ | Lender or officer of financial institution |
| ____ | Financial advisor and/or individuals that the statement was prepared for |
Personal Financial Statement FAQs
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How do you make a Personal Financial Statement?
Simply select your state, then begin answering the questions as prompted. The step-by-step process is simple and easy to complete. When you're finished, you can save, download, and print your document.
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How do you write a Personal Statement of Assets and Liabilities?
A Personal Financial Statement is typically just another name for a Personal Statement of Assets and Liabilities. The template on this page will create a Statement of Assets and Liabilities.
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What are some examples of personal financial documents?
Examples of personal financial documents that you'll want to refer to while making your financial statement include:
- Checking account records
- Savings account records
- Stocks and bonds
- Real estate holdings
- Accounts receivable
- Annual income
- Retirement plans
- Car loans
- Personal property
- Credit card debts
- Mortgage information
- Loans (student loans, etc.)
- Any other relevant assets or liabilities
