As you prepare your prenuptial agreement, you’ll first need to calculate your net worth. One helpful resource can be found here. All you have to do is add up what you own and subtract what you owe.
The first step in calculating your net worth is to determine the amount of your assets. Assets are your belongings that have value. Once you’ve calculated your assets, determine the total amount of your liabilities. Liabilities are your financial commitments or debts. Once you’ve calculated the total amount of your assets and liabilities, subtract the total amount of liabilities from the total amount of assets.
Below are 11 financial assets and debts to consider when calculating your net worth. It is important to remember this is not an exhaustive list, but does give you an idea of what you should be considering.
- Savings & Checking Accounts
- Investments
- Life Insurance Policy
- Retirement Funds
- Personal Property
- Real Estate
- Credit Card Bills
- Mortgage Balance
- Car Loans
- Unpaid Taxes
- School Loans
If you would like to learn more about prenuptial agreements and what to include in your net worth statement, call our office and schedule a consult with our experienced Raleigh Divorce Lawyer who will put your interests first.
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