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Personal
Balance Sheet for: _________________________ Effective Date: ________________ |
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Assets – What You Own* |
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Cash on hand |
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Checking account |
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Savings (CDs, TDs, Saving Bonds, etc.) |
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Cash surrender value of life insurance |
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Fair Market Value of your Home |
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Fair Market Value of Other Real Property—Cottage,
Investment Property, Other |
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Personal Property (market value of car, jewelry, furniture,
equipment, kitchenware, computers, tools, white goods, bicycles, fixtures,
art work, collectables, etc.) |
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Money owed you personally, shareholder loans, personal
receivables |
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The Fair Market Value of your Business less business debt |
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Investments (market value of stocks, bonds, mutual funds,
retirement accounts, etc.) |
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Investments, shares in private companies at Fair Market
Value |
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Other: __________________________ |
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Total Assets |
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* It is a good idea to make a digital, photo inventory of everything you own and keep a CD ROM copy off site, in a safe place. This will assist you in: a. establishing a Personal Balance Sheet, b. having an accurate inventory of everything you own (you may be surprised to realize how much you have agglomerated), c. in case of fire or theft, you will have photos to prove what is missing, d. in preparation of your will, you will be able to assign individual items to your heirs and possibly reduce disagreements amongst them. You can try to do this with a digital camera yourself or get a service like www.DigitalGuard.com to do it for you and provide you with encrypted CD ROMs. |
StandardForm |
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Personal Balance Sheet for: _________________________ Effective Date: ________________ |
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Liabilities – What You Owe |
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Credit card balances |
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Installment loans (auto, furniture, equipment, bank loan
) balances |
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Personal loan balances |
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Mortgage balance on your Home |
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Mortgage Balances on your other Real Property |
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Educational loan balances |
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Other ______________________________ |
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Total Liabilities |
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Your Net Worth (Total
Assets minus Total Liabilities) |
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