Vermögensaufstellung

Vermögensaufstellung is a German term that translates to "asset statement" or "financial statement of assets." It is a document that provides a comprehensive overview of an individual's or entity's financial assets and liabilities at a specific point in time. This statement is crucial for various financial and legal purposes.

The primary purpose of a Vermögensaufstellung is to present a clear picture of net worth, which is calculated by subtracting total liabilities from total assets. Assets typically include items such as cash, bank accounts, investments (stocks, bonds, funds), real estate, vehicles, and valuable personal property. Liabilities encompass debts like mortgages, loans, credit card balances, and other outstanding financial obligations.

In Germany, a Vermögensaufstellung is often required in legal proceedings, such as divorce settlements, inheritance cases, or bankruptcy proceedings. It helps courts and involved parties understand the financial standing of individuals to ensure fair distribution of assets or to assess the ability to meet financial obligations. Furthermore, it can be used for personal financial planning, as it allows individuals to track their wealth accumulation over time and identify areas for improvement. Financial institutions may also request a Vermögensaufstellung when assessing loan applications or providing financial advice to gauge the applicant's financial capacity and risk profile. The accuracy and completeness of the information provided in a Vermögensaufstellung are therefore of utmost importance.