English translation: Statement of Financial Condition
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16:40 Jan 8, 2002
Spanish to English translations [PRO] Law/Patents / claims, civil law
Spanish term or phrase:Estado de Situación Patrimonial
En el documento que muestra el 'Estado de Situación Patrimonial'
Explanation: Es la declaración del estado legal de los bienes.
BelkisDV United States Local time: 09:21 Native speaker of: Spanish PRO pts in pair: 509
1 hr confidence: peer agreement (net): -1
Net Worth Statement
Explanation: Ver siguiente ref.
"Why a Net Worth Statement?
A net worth statement is an important financial tool because it helps:
check progress towards financial goals,
plan for changes in assets or liabilities,
keep tax liability down to the minimum level,
estimate how well dependent survivors would be able to live on current inheritance,
determine the need for life and property insurance,
serve as a reminder to make adjustments in insurance coverage or assets held,
give an estimate of retirement income potential,
provide a way to chart financial progress over the years"