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Importance and Purpose In New York State, the Net Worth Statement is a crucial document in divorce proceedings. It provides a comprehensive overview of both spouses’ financial situations, including assets, debts, and income. This information is essential for the court to make equitable decisions regarding asset distribution and support obligations. What is Included? The NYS Net Worth Statement includes: Assets: Real estate, vehicles, investments, cash, and other valuable personal property Liabilities: Mortgages, loans, credit card balances, and other debts Income: Wages, bonuses, dividends, rental income, and other sources of income Expenses: Housing, transportation, groceries, entertainment, and other regular bills How to Fill Out The Net Worth Statement form is straightforward....