What factors are considered to determine a person's net worth?
California, United States of America
The following excerpt is from Farmers & Merchants Trust Co. v. Vanetik, 245 Cal.Rptr.3d 608, 33 Cal.App.5th 638 (Cal. App. 2019):
While "there is no rigid formula and other factors may be dispositive especially when net worth is manipulated and fails to reflect actual wealth," net worth is often described as "the critical determinant of financial condition." ( County of San Bernardino v. Walsh (2007) 158 Cal.App.4th 533, 546, 69 Cal.Rptr.3d 848.)
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