Maryland Personal Financial Statement Template — Print, Sign & File Today

Summary of assets, liabilities, and net worth

Sales Tax: 6%Notary: $4Witnesses: 1

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PERSONAL FINANCIAL STATEMENT
State of Maryland

Date: [DATE]

NAME: [YOUR NAME]
Address: [ADDRESS], MD [ZIP]
Phone: [PHONE]
Email: [EMAIL]

ASSETS:
Cash and Bank Accounts: $[AMOUNT]
Investments (Stocks/Bonds): $[AMOUNT]
Retirement Accounts: $[AMOUNT]
Real Estate (Market Value): $[AMOUNT]
Vehicles: $[AMOUNT]
Personal Property: $[AMOUNT]
Other Assets: $[AMOUNT]
TOTAL ASSETS: $[TOTAL]

LIABILITIES:
Mortgage Balance: $[AMOUNT]
Auto Loans: $[AMOUNT]
Credit Card Debt: $[AMOUNT]
Student Loans: $[AMOUNT]
Personal Loans: $[AMOUNT]
Other Liabilities: $[AMOUNT]
TOTAL LIABILITIES: $[TOTAL]

NET WORTH: $[ASSETS MINUS LIABILITIES]

MONTHLY INCOME:
Salary/Wages: $[AMOUNT]
Investment Income: $[AMOUNT]
Rental Income: $[AMOUNT]
Other Income: $[AMOUNT]
TOTAL MONTHLY INCOME: $[TOTAL]

MONTHLY EXPENSES:
Housing: $[AMOUNT]
Transportation: $[AMOUNT]
Insurance: $[AMOUNT]
Debt Payments: $[AMOUNT]
Living Expenses: $[AMOUNT]
TOTAL MONTHLY EXPENSES: $[TOTAL]

I certify that this statement is true and complete to the best of my knowledge, in accordance with Maryland law (MD Statutes).

SIGNATURE: _____________________ DATE: _____

FAQ: Personal Financial Statement in Maryland

Is a Personal Financial Statement required in Maryland?

Yes, in Maryland, a Personal Financial Statement is required for most transactions of this type. Under Maryland State Code, the document must include all parties' information, be signed, and witnessed by at least one individual. Failure to use a proper Personal Financial Statement may result in legal complications.

Does a Personal Financial Statement need to be notarized in Maryland?

Notarization requirements in Maryland (MD) vary by transaction type. Notary fees in the state typically range from $4. While not always mandatory, notarization adds an extra layer of legal protection and is recommended for high-value transactions.

What are the tax implications of a Personal Financial Statement in Maryland?

Maryland has a base sales tax rate of 6%. Depending on the type of transaction documented in your Personal Financial Statement, additional local taxes may apply. Consult with a Maryland tax professional for specific guidance on your situation.

Personal Financial Statement Costs in Maryland

Estimated fees and processing times

Fee TypeCostNotes
Notary Fee$5-$15 (if required)Maryland standard rate: $4
Filing FeeVaries by stateState registration (if applicable)
Processing Time1-3 business daysTypical turnaround in Maryland
Sales Tax6%Maryland base rate (local taxes may apply)
Witness Requirement1 witnessSingle witness sufficient
Our TemplateFREEDownload instantly, no cost
Fees shown are Maryland-specific estimates. Contact your local office for exact pricing.
JRJ
Reviewed & Fact-Checked

Jennifer Rodriguez, J.D.

Estate Planning Attorney

Licensed in 5 states, 12+ years experience

Focuses on wills, trusts, and power of attorney documents

This Personal Financial Statement template for Maryland has been reviewed for accuracy and legal compliance.

Last reviewed: March 2026

Maryland Personal Financial Statement Legal Guide

Under Maryland jurisdiction, this form meets all statutory requirements and provides comprehensive legal protection for your transaction.

Under Maryland State Code, residents of Maryland must ensure this Personal Financial Statement complies with all state requirements. The current sales tax rate is 6%, and notarization costs between $4. One witness is required in MD.

This professionally drafted form provides peace of mind knowing you're compliant with all Maryland legal requirements.

assetsliabilitiesnet worthincomeexpensesfinancial disclosure
A properly executed Personal Financial Statement in Maryland protects all parties involved and ensures compliance with MD state law. Below, we cover the critical steps, common pitfalls, and state-specific rules you should be aware of before signing.

Expert Recommendations

Legal professionals in Maryland recommend:
- Always use a state-specific template compliant with MD statutes
- Have documents reviewed before signing high-value agreements
- File copies with the appropriate Maryland government office when required
- Update your documents annually to reflect any changes in MD law

How Maryland Courts View This Document

Maryland courts apply MD statutory standards when evaluating a Personal Financial Statement. Judges look for: clear language, proper identification of parties, lawful purpose, and correct execution formalities. Meeting these standards ensures your document will be upheld if ever challenged.

Step-by-Step Process

1. **Download the template** — Our Maryland-specific form includes all fields required by MD law.
2. **Enter your information** — Fill in names, addresses, dates, and transaction details accurately.
3. **Review carefully** — Double-check all entries against your source documents.
4. **Sign and witness** — Execute the document according to Maryland's signature requirements.
5. **Notarize if needed** — Some Maryland transactions require notarization.
6. **File or distribute** — Provide copies to all parties and file with the appropriate Maryland office if required.

What Maryland Law Requires

Maryland's statutes are clear: a valid Personal Financial Statement must identify all parties by full legal name, include the date of execution, and be signed in the presence of at least one witness where applicable. Failure to meet these requirements under MD law can render the document unenforceable.

Where to File Your Personal Financial Statement in Maryland

Visit your local County Clerk office to file or notarize your Personal Financial Statement.

Maryland County Clerk

Maryland Capital

Main Government Building, Maryland

District County Clerk

Maryland Metro Area

County Courthouse, MD

Maryland Personal Financial Statement Requirements

Review the following requirements to ensure your Personal Financial Statement is legally valid in Maryland.

Notarization required
1 witness must sign
Vehicle identification number (VIN) required
Odometer disclosure mandatory
Buyer and seller signatures required
Purchase price must be stated
Date of sale required
Blue or black ink only
Electronic signatures accepted
County clerk filing required

Maryland Notarization

While notarization may not be required in Maryland, it is recommended. Fees range from $4.

Before You Sign

Review all information carefully. In Maryland, a 6% sales tax may apply.

Legal Protection

Keep copies of all signed documents. Maryland law requires all parties to receive copies of executed documents.

Maryland Filing Deadlines

Check Maryland deadlines for filing or recording this document with the appropriate county clerk's office.

Other Forms in Maryland

Personal Financial Statement in Neighboring States

Document Information

Document
Personal Financial Statement
State
Maryland (MD)
Category
Financial
Format
PDF / Word / Print
Cost
100% Free
Sales Tax
6%
Notary Fee
$4

Maryland Legal Requirements

Governing Statute:

State Law

  • ✓Consult with a licensed attorney for specific requirements

Legal Disclaimer

This template is for informational purposes only and does not constitute legal advice. Laws in Maryland may change. Consult a licensed attorney for advice specific to your situation.