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ASSETS TRANSFERRED List all assets transferred in any manner during the preceding three years or length of the marriage whichever is shorter transfers in the routine course of business which resulted in an exchange of assets of substantially equivalent value need not be specifically disclosed where such assets are otherwise identified in the statement of net worth. Revised 11/98 COURT COUNTY OF Index No. Plaintiff...

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New York Statement of Net Worth

Your net worth is the difference between your assets minus your debts. A net worth statement is a financial snapshot that shows your financial wealth at a given point in time and provides a useful summary of your financial affairs. New York Statement of Net Worth, DRL 236.

There are several important reasons for developing this kind of a financial profile. Keeping such a statement from year to year can help you determine if you are accruing wealth over time or are living beyond your means. A statement of net worth can indicate if you are prepared for any kind of a financial emergency, and may be useful in determining how much home insurance you may want to consider purchasing, or how you are doing with your retirement savings.

You may be also be required to fill out such a statement for applications such as a home or an auto loan, or in dealings with the New York Unified Court system. Both spouses may be required to fill out a DRL 236 form for situations including disputes related to child support, alimony and other aspects of divorce.

To learn more about the process of filling in the New York Statement of Net Worth , check out this tutorial video, then click here to start filling out, saving, and submitting your own copy.

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Laws calm legal forms guide New York statement of net worth in Family Court disputes related to child support alimony and other aspects of divorce both spouses may be required to file a new york statement of net worth this document asks you to detail all aspects of your fiscal circumstances the form can be obtained from the website of the New York unified court system step one at the top of the page under the name and number of the court hearing your case and the county name and to both spouses names the date the case began the state and county and indicate whether you are the plaintiff or responds by circling the appropriate word in the first response and to the date up to which this information is accurate step 2 section 1 requests information about you your spouse and any children step 3 in section 2 you must list all of your expenses in the categories listed you may provide all figures concerning either weekly or monthly expenses but you must be consistent step 4 section 3 requires you to detail your gross income from work account for deductions from wages and detail all other sources of income as requested step 5 section 4 requires you to list all assets note if any are jointly owned with your spouse enter the total at the bottom of the section in section 5 list all liabilities and total them subtract section 5 s total value from section 4 s to figure out your net worth step 6 in section 6 lyst all assets you have transferred in the last three years along with the date value and person to whom they were transferred step 7 in section 7 enter your requests for support payments in sections 8 and 9 detail all attorneys account an appraisal fees related to your case in Section 10 note any additional fiscal information step 8 sign and date the form in front of a notary public your attorney if any should sign and provide their address and telephone number to watch more videos please make sure to visit laws calm

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New York Statement of Net Worth