WHERE DO YOU STAND financially? When it comes to estate planning, figuring this out is your first step. And chances are, once you're done with this calculator you're going to be surprised at how much you own.
The idea here is to total up all of your assets (house, car, retirement plan) and subtract your liabilities (credit card debt, mortgage). The result can be used as a baseline about planning for the future. Remember, however, this calculator does not account for any taxes owed on proceeds in an investment portfolio or retirement account.
You can also use this worksheet to get an accurate net worth figure for filling out our Estate Tax worksheet.