What is a Statement of Net Worth?

A statement of net worth is the one doc in a matrimonial proceeding that is more important than any other doc you will be preparing. A sworn statement of net worth is a document that details your monthly expenses, income, assets, and liabilities. In any matrimonial case—whether it’s a case that will contested by a judge or it’s a case in which you will be negotiating a settlement—a sworn statement of net worth is necessary and essential. It includes a collection of bank statements, credit card statements, canceled checks over the last year and detail them by month.