Sample Financial Statement
Created by FindLaw's team of legal writers and editors | Last updated February 05, 2018
Before entering into a prenuptial or premarital agreement, each prospective spouse must make a complete and honest financial disclosure to the other. This should include all income, assets and debts and it may prove to be a very helpful tool in preparing a prenuptial agreement and, even beyond that, in preparing for marriage. Accurate financial statements help couples to identify their property and their respective rights to that property, and also to engage in proper financial planning at the outset of their marriage. With the clear understanding of property ownership during marriage that can result from accurate financial statements, couples may be able to avoid many of the financial frustrations that can unfortunately tear down an otherwise healthy relationship.
You may be asking how to get started with this process. It's always helpful to have a guide as you go through your financial statements and bill histories. The following form can be useful in putting together your financial statement and in verifying that the information you receive from your spouse is complete. However, this is only a starting point. This form should be used in conjunction with the advice and counsel of a family law attorney familiar with the marital property laws in your state. After all, your state may have unique laws related to marital property and prenuptial agreements that an attorney can help to explain to you before signing the dotted line.
Financial Statement
A. Gross Monthly Income Source/Amount ________________/$________ Source/Amount ________________/$________ Source/Amount ________________/$________ TOTAL: $________________ B. Deductions from Gross Income |
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| State Income Tax | $____________________ | ||
| Federal Income Tax | $____________________ | ||
| Social Security | $____________________ | ||
| Self-employment Tax | $____________________ | ||
| Health Insurance | $____________________ | ||
| Union Dues | $____________________ | ||
| Pension/Retirement | $____________________ | ||
| Support Orders | $____________________ | ||
| Other | $____________________ | ||
TOTAL : $_______________ C. NET MONTHLY INCOME: (gross income minus total deductions) $_______________ D. Assets & Liabilities |
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| Value | Owe | ||
| Primary Home | $_______________ | $_______________ | |
| Vacation Home | $_______________ | $_______________ | |
| Other Home/Property | $_______________ | $_______________ | |
| Vehicle(s) | $_______________ | $_______________ | |
| Recreational Vehicle | $_______________ | $_______________ | |
| Boat(s) | $_______________ | $_______________ | |
| Furniture | $_______________ | $_______________ | |
| Home Furnishings | $_______________ | $_______________ | |
| Appliances | $_______________ | $_______________ | |
| Artwork | $_______________ | $_______________ | |
| Jewelry | $_______________ | $_______________ | |
| Computer(s) | $_______________ | $_______________ | |
| Personal Property | $_______________ | $_______________ | |
| Cash | $_______________ | $_______________ | |
| Stocks/Bonds/Funds | $_______________ | $_______________ | |
| Stock Options | $_______________ | $_______________ | |
| Checking Account(s) | $_______________ | $_______________ | |
| Savings Account(s) | $_______________ | $_______________ | |
| Retirement/Pensions | $_______________ | $_______________ | |
| Profit Sharing | $_______________ | $_______________ | |
| IRA(s) | $_______________ | $_______________ | |
| Business(es) | $_______________ | $_______________ | |
| Professional Practice | $_______________ | $_______________ | |
| Life Insurance | $_______________ | $_______________ | |
| Other Assets | |||
| Description | Value | ||
TOTAL ASSETS: $_______________ |
TOTAL LIABILITIES: $_______________ |
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E. NET WORTH: (assets minus liabilities) $___________________________ |
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F. Educational Degrees |
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Related Resources
- How to Avoid Marriage Money Problems
- Who Owns What in Marital Property?
- Managing Marital Property
- State Marital Property Laws
Get a Handle on Your Finances Before You Get Married: Talk to an Attorney
When it comes to prenuptial agreements, obtaining an accurate understanding of assets and debts is critical to avoid major headaches down the road. This starts with accurate and complete financial disclosures by both sides. If you have questions about financial statements or you want to make sure that a prenuptial agreement will adequately protect your property, you should contact an experienced family law attorney near you.
Next Steps
Contact a qualified family law attorney to make sure your rights are protected.