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 Names | Liabilities | |
| 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 | _______________ |
