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Our firm is focused on creating, documenting, updating and especially OPTIMIZING the Statement of Net Worth. This is a crucial step in preparation for divorce that can feel overwhelming to many.
A Net Worth Statement which documents your “Net-Worth” is a list of assets and liabilities and ultimate net worth at a particular point in time. Like pictures that go on social media, these can be doctored to make them look better or worse.
Discussion on the difference between “doctored” and “framed”
Framing NOT doctoring is the goal of our software.
A Statement of Net Worth, commonly required in divorce proceedings across many states, serves as a comprehensive affidavit detailing the financial landscape of divorcing couples. This document, while its title suggests a focus solely on assets and liabilities, encompasses a broader scope. Alongside assets and liabilities, it mandates the inclusion of accurate income and expenditure data.
For many individuals, completing the Statement of Net Worth can be a daunting task. Understandingly so, as few people have a thorough grasp of every expense or the precise value of various financial holdings such as taxable accounts, retirement funds, real estate assets, and debts. Therefore, it is imperative to initiate the process of gathering this information at the earliest opportunity.
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