Asset balance sheet: save time and save money

Asset balance sheet: save time and save money

Did you know that by completing an asset balance sheet, you can make life easier for yourself and your loved ones? The wealth balance sheet is a list of your assets, debts, important documents, and their locations. It is a portrait of all of your wealth at some point in your life.

Make your financial planning easier

The wealth balance sheet is an excellent basis for your financial planning. By benefiting from an overview, your advisers can offer you the recommendations and investments best suited to your situation.

Protect you against the vagaries of life

The asset balance sheet is a very useful tool in unfortunate situations. For example, you can provide it to your insurer to establish the value of property lost in the event of a claim.

You can also use it in the event of separation to determine:

  • who bought what during the union and
  • what was the value of the goods at the time of purchase.

To avoid quibbles, however, each spouse should sign the balance sheet.

Help your loved ones

The asset balance sheet will be particularly useful for people who will have to make decisions about your assets:

  • your mandatary or curator, if you become incapacitated,
  • your liquidator, on your death.

How to make your asset balance sheet?

You can make your asset balance sheet with the help of a lawyer or a notary. There are also free patrimonial balance sheet models on the Internet, such as the one offered by the Chambre des notaires du Québec under the name of “Patrimony: your guide 360”.


To be useful, the asset balance sheet must be updated regularly. Keep your document in a safe place, as it contains private information.

Informative text – This text does not constitute legal advice; it is recommended to consult a lawyer or notary for such an opinion. Éducaloi is a non-profit organization whose mission is to inform Quebecers of their rights and obligations in clear language ”.

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