Articles on: Consulting

How to fill a Financial assessment?

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  1. PERSONAL INFORMATION


  • First Name: Your given name.


  • Last Name: Your family name.


  • Phone: Your primary contact number.


  • Email: Your email address.


  • Date of Birth: Your birthdate.


  • Marital Status: Your current marital situation (e.g., single, married, divorced).


  • Civic Address: Your current residential address.


  • Previous Address: Your prior residential address, if applicable.


  • Residency Status: Your legal residency classification (e.g., citizen, permanent resident, temporary resident).


  • Monthly Rent Participation: The amount you contribute monthly towards rent, if applicable.


  1. INCOME


  • Current Employer's Name: The name of your present employer.


  • Current Employer's Address: The physical address of your current employer.


  • Employer Phone Number: Contact number for your employer.


  • Job Function: Your role or position within the company.


  • Type of Employment: The nature of your employment (e.g., full-time, part-time, contract).


  • Employment Status: Your current employment condition (e.g., employed, self-employed, unemployed).


  • Monthly Gross Income: Your total monthly earnings before deductions.


  • Monthly Net Income: Your total monthly earnings after deductions.


  1. OTHER INCOME


For each additional income source:


  • Source: The origin of the income (e.g., freelance work, rental income).


  • Monthly Gross Income: Total monthly earnings from this source before deductions.


  • Monthly Net Income: Total monthly earnings from this source after deductions.


  1. ASSETS


For each asset:


  • Name of Institution: The financial institution where the asset is held.


  • Type of Investment: The category of the asset (e.g., savings account, stocks, bonds).


  • Due Date: Maturity date, if applicable.


  • Value: Current monetary worth of the asset.


  1. REAL ESTATE


For each property:


  • Description and Address: Details and location of the property.


  • Municipal Assessment: The property's assessed value by the municipality.


  • Annual Fees: Yearly costs associated with the property (e.g., property taxes, maintenance fees).


  • Percentage Refunded: Any portion of fees or taxes that are reimbursed.


  • Value: Current market value of the property.


  1. LIABILITIES


Loans and Lines of Credit (e.g., personal loans, mortgages, lines of credit)


For each liability:


  • Type and Description of Liability: Nature and specifics of the debt.


  • Credit Terms: Conditions of the credit agreement, including interest rates and repayment schedule.


  • Percentage Refunded: Any portion of payments that are reimbursed.


  • Payment: Regular payment amount and frequency.


  1. **CREDIT CARDS **


For each credit card:


  • Issuer: The financial institution that issued the card.


  • Limit: The maximum allowable balance on the card.


  • Terms: Conditions associated with the card, such as interest rates and fees.


  • Payment: Minimum required payment and due dates.


  1. **OTHER COMMITMENTS **


For each additional financial obligation:


  • Type and Description of Liability: Nature and specifics of the commitment (e.g., alimony, child support).


  • Credit Terms: Conditions related to the obligation.


  • Percentage Refunded: Any portion of payments that are reimbursed.


  • Payment: Regular payment amount and frequency.


This structured approach ensures a thorough evaluation of your financial standing, aiding in effective financial planning and decision-making.


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Updated on: 28/03/2025

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