How to Calculate Your Net Worth

Keeping a thorough inventory of your property is often necessary for thorough estate planning.
In order to calculate the value of your estate add the fair market value of your share of the assets listed below. Then subtract your share of the liabilities listed below. The remaining value is the approximate net value of your estate.

ASSETS

  • Cash
  • Savings Accounts
  • Checking Accounts
  • Money Market Accounts
  • Certificates of Deposit
  • Mutual Funds
  • Stocks and Bonds
  • Automobiles and other Vehicles
  • Precious Metals
  • Household Goods
  • Clothing
  • Jewelry and Furs
  • Art Works, Collectibles and Antiques
  • Tools and Equipment
  • Valuable Livestock and Animals
  • Money Owed to You
  • Vested Interest in Profit Sharing Plan or Stock Options
  • Life Insurance
  • Any Other Personal Property
  • Ownership Interest in a Business
  • Accounts Receivable
  • Real Estate



    LIABILITIES

  • Personal Loans (bank, credit cards, etc.)
  • Other Personal Debts
  • Current and Past Taxes Due
  • Any Other Liabilities

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