ACTIVITY: Prepare a Net Worth Statement
Balance Sheet for the period ending
| Assets | Value | Joint | Spouse 1 | Spouse 2 | Total |
|---|---|---|---|---|---|
Personal |
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| Bank Accounts | |||||
| Savings | |||||
| LIfe Insurance (cash value) | |||||
| Residence | |||||
| Recreational Property | |||||
| Collectibles/Valuables | |||||
| Vehicles | |||||
| Furniture | |||||
Investments |
|||||
| Pension Plans | |||||
| Registered investments | |||||
| Real estate | |||||
| Business | |||||
| Trust fund | |||||
| Other Investments | |||||
Total Assets (A) |
|||||
Liabilities (L) |
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| Credit Cards | |||||
| Taxes owed | |||||
| Lines of credit | |||||
| RRSP loan | |||||
| Investment loans | |||||
| Personal mortgage | |||||
| Automobile loans | |||||
| Students loans | |||||
| Other loans | |||||
Total Liabilities (L) |
|||||
Net Worth = (A) - (L) |
