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Chart for Calculating Net Worth

Assets Minus Liabilities

By Julie Garber, About.com

The very first step in assessing your need for an estate plan is to determine your net worth. Here's a chart that will help you to organize your assets and liabilities so that you can calculate your current net worth.

If you're married or live with a significant other, then you'll need to list your name in the first column and your spouse's or partner's name in the second column. If you're single, then you'll just need to list your name in the first column.

Chart for Determining Net Worth

Your Name:Spouse's/Partner's Name:Joint NamesLiabilities
Bank Accounts______________________________ _______________________________
Investment Accounts_____________________________________________________________
Publicly Traded Stocks & Bonds____________________________________________________________
Personal Effects_______________________________________________________________
Life Insurance______________________________________________________________
Retirement Plans_____________________________________________________________
Sole Proprietorships______________________________________________________________
Partnership & LLC Interests_____________________________________________________________
Closely Held Stock___________________________________________________________
Monies Owed to You____________________________________________________________
Oil, Gas & Mineral Rights___________________________________________________________
Real Estate______________________________ ______________________________
Totals____________________________________________________________
Net Worth_______________

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