If the account is titled in the joint names of you and your spouse/partner, list the value in the joint column. If you’re single and the account is titled in your name, list the value in your column. If the account is titled jointly with you or your spouse/partner and someone other than your spouse/partner (such as a child or sibling), then list the proportionate share of the account in your column or your spouse’s/ partner’s column. If the account is titled in the joint names of you and your spouse/partner, list the value in the joint column. If you’re single and the account is titled in your name, list the value in your column. If the account is titled jointly with you or your spouse/partner and someone other than your spouse/partner (such as a child or sibling), then list the proportionate share of the account in your column or your spouse’s/ partner’s column. Check with whomever a publicly traded bond was purchased from to determine its estimated current value. For U.S. Savings Bonds, go to the Federal Reserve’s website and enter the bond information to determine their current values. Once you’ve figured out the estimated values, enter the total values of all stocks and bonds in the appropriate columns of the chart by using the guidelines provided for bank and investment accounts. For jewelry and the like, use your best judgment by taking what was paid for each item and then factoring in wear and tear. For valuable antiques, do an internet search for a particular item to see if anyone is buying and selling it online. Once you’ve figured out estimated values, enter the total values of all personal effects in the appropriate columns of the chart by using the guidelines provided for bank and investment accounts, then list the total of all outstanding loans against these items in the “Liabilities” column. Add the total face value of all policies owned in your name and on your life to your column and the total face value of all owned in your spouse’s/partner’s name and his or her life in your spouse’s/partner’s column. Add the total net cash values of all policies owned by you on someone else’s life to your column and the total cash values of all policies owned by your spouse/partner on someone else’s life to their column. Once you have this number, multiply your or your spouse’s/partner’s partnership or membership percentage by the number and add the value to the appropriate column of the chart by using the guidelines provided for bank and investment accounts. Once you’ve figured out this number, multiply your or your spouse’s/partner’s percentage of stock ownership by the number and add the value to the appropriate column of the chart by using the guidelines provided for bank and investment accounts. If the interest was inherited, check with family members to see if they can give you an estimated value. Once you’ve figured out a value, add it to the appropriate column of the chart by using the guidelines provided for bank and investment accounts. Another resource is the property tax bill which will give the city or county’s current estimate of the value of the property. Once you’ve figured out a value, add it to the appropriate column of the chart by using the guidelines provided for bank and investment accounts and list the total balances of all of your mortgages in the “Liabilities” column. Next, take this combined total and subtract from it the total number listed in the “Liabilities” column. Finally, take this number and list it on the line marked “Net Worth.” And that’s it, you’ve officially calculated what you and/or your spouse/partner are currently worth.
