When should I fill out my Statement of Net Worth?
Many clients share that filling out the Statement of Net Worth can be overwhelming. However, it is understandable because few people have their pulse on every expense and the value of taxable accounts, retirement, real estate, and debts. Therefore, be sure to start filling out this information as soon as possible. Some states have regulations regarding the time when these documents are required to be shared with the other party. In all scenarios, whether when mediating or going to court, having this information ready and updated will prevent delays and wasted time and expenses.