Official Michigan Personal Financial Statement Form | Step-by-Step Guide
Summary of assets, liabilities, and net worth
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PERSONAL FINANCIAL STATEMENT State of Michigan Date: [DATE] NAME: [YOUR NAME] Address: [ADDRESS], MI [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 Michigan law (MI Statutes). SIGNATURE: _____________________ DATE: _____
Michigan Personal Financial Statement Requirements
Review the following requirements to ensure your Personal Financial Statement is legally valid in Michigan.
Michigan Notarization
While notarization may not be required in Michigan, it is recommended. Fees range from $10.
Before You Sign
Review all information carefully. In Michigan, a 6% sales tax may apply.
Legal Protection
Keep copies of all signed documents. Michigan law requires all parties to receive copies of executed documents.
Michigan Filing Deadlines
Check Michigan deadlines for filing or recording this document with the appropriate county clerk's office.
Where to File Your Personal Financial Statement in Michigan
Visit your local County Clerk office to file or notarize your Personal Financial Statement.
Wayne County Clerk
Detroit
2 Woodward Ave, Detroit, MI 48226
Kent County Clerk
Grand Rapids
300 Monroe Ave NW, Grand Rapids, MI 49503
Ingham County Clerk
Lansing
341 S Jefferson St, Mason, MI 48854
Personal Financial Statement Costs in Michigan
Estimated fees and processing times
| Fee Type | Cost | Notes |
|---|---|---|
| Notary Fee | $5-$15 (if required) | Michigan standard rate: $10 |
| Filing Fee | Varies by state | State registration (if applicable) |
| Processing Time | 1-3 business days | Typical turnaround in Michigan |
| Sales Tax | 6% | Michigan base rate (local taxes may apply) |
| Witness Requirement | 1 witness | Single witness sufficient |
| Our Template | FREE | Download instantly, no cost |
Sarah Mitchell, J.D.
Legal Document Specialist
Licensed Attorney, 15+ years experience
Specializes in contract law and legal document preparation
This Personal Financial Statement template for Michigan has been reviewed for accuracy and legal compliance.
Last reviewed: March 2026
FAQ: Personal Financial Statement in Michigan
Is a Personal Financial Statement required in Michigan?
Yes, in Michigan, a Personal Financial Statement is required for most transactions of this type. Under Michigan 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 Michigan?
Notarization requirements in Michigan (MI) vary by transaction type. Notary fees in the state typically range from $10. 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 Michigan?
Michigan 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 Michigan tax professional for specific guidance on your situation.
Michigan Personal Financial Statement Legal Guide
Under Michigan jurisdiction, this form meets all statutory requirements and provides comprehensive legal protection for your transaction.
In Michigan, according to Michigan State Code, a 6% sales tax applies to applicable transactions. Notary fees in MI typically range from $10. A single witness signature is sufficient under state law.
Ensure your transaction is legally sound in Michigan with this expertly crafted, state-compliant template.
Step-by-Step Process
1. **Download the template** — Our Michigan-specific form includes all fields required by MI 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 Michigan's signature requirements.
5. **Notarize if needed** — Some Michigan transactions require notarization.
6. **File or distribute** — Provide copies to all parties and file with the appropriate Michigan office if required.
Legal Validity & Enforcement
Once properly executed, your Personal Financial Statement is legally binding in Michigan and enforceable in MI courts. The document remains valid indefinitely unless revoked or superseded. Michigan courts generally uphold properly executed documents, provided they comply with applicable MI statutes.
Smart Practices for MI Compliance
Michigan has specific rules that differ from neighboring states. Always verify your document against current MI statutes, especially if you're using a template from a previous year. Laws change, and what was valid last year in Michigan may need updating for 2026.
Legal Standards in Michigan
Under MI state code, your Personal Financial Statement must contain several mandatory elements. Michigan courts have consistently held that documents missing key provisions — such as proper identification of parties or adequate descriptions — may be challenged or voided entirely.
Once properly executed, your Personal Financial Statement is legally binding in Michigan and enforceable in MI courts. The document remains valid indefinitely unless revoked or superseded. Michigan courts generally uphold properly executed documents, provided they comply with applicable MI statutes.
Smart Practices for MI Compliance
Michigan has specific rules that differ from neighboring states. Always verify your document against current MI statutes, especially if you're using a template from a previous year. Laws change, and what was valid last year in Michigan may need updating for 2026.
Legal Standards in Michigan
Under MI state code, your Personal Financial Statement must contain several mandatory elements. Michigan courts have consistently held that documents missing key provisions — such as proper identification of parties or adequate descriptions — may be challenged or voided entirely.
Under MI state code, your Personal Financial Statement must contain several mandatory elements. Michigan courts have consistently held that documents missing key provisions — such as proper identification of parties or adequate descriptions — may be challenged or voided entirely.
Other Forms in Michigan
Personal Financial Statement in Neighboring States
Document Information
- Document
- Personal Financial Statement
- State
- Michigan (MI)
- Category
- Financial
- Format
- PDF / Word / Print
- Cost
- 100% Free
- Sales Tax
- 6%
- Notary Fee
- $10
Michigan 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 Michigan may change. Consult a licensed attorney for advice specific to your situation.