Preparing a net worth statement or balance sheet helps us understand your current financial condition and also helps you measure the growth of your total worth. The net worth statement will reveal your liquidity, how much reserve you have for financial emergencies, your debt load, and the ownership structure of various assets for addressing your estate planning needs. If you compare financial planning to a road trip, the net worth statement will reveal where you are on the map and then lets us calculate which route you will need to take to get to your destination.