If you are contemplating a divorce, a complete financial evaluation will almost certainly save you time, money, and frustration while building a long term financial divorce plan.
The process we use can help at any stage, but the sooner it is started, the more helpful it will be. The CDFA™ process can help both divorcing parties understand how to achieve a long term plan that is fair to both of them and the family.
WHAT IS A CDFA™?
A CDFA™ is a Certified Divorce Financial Analyst, a certification granted to those individuals who have successfully completed a specialized training program from the Institute for Divorce Financial Analysts.
Every CDFA™ is required to have a background in law and/or finance. They are trained to help divorcing couples navigate the often complex choices related to settlement negotiations, retirement options, spousal support and child support, and the tax implications of each. A CDFA™ can explain the implications of any financial division offers that are typically exchanged as part of the negotiation process, whether you are working with attorneys, or are in mediation. The information and knowledge gained can help everyone involved.
The financial analysis can bring clarity to complex financial decisions that divorcing couples face. More importantly, it can show the long-term implications for any choices you make today. That is valuable in situations where choices made today can impact your finances for decades.
HELP FOR INDIVIDUALS OR COUPLES
If you’re contemplating divorce, or have already started the process, a CDFA™ can work independently for you to advocate for your financial interests. Alternatively, a CDFA™ can act as a neutral party with both members of a couple who are divorcing; in this case, the CDFA™ process can complement the guided negotiation process, to both parties’ benefit.
ANALYSIS CAN SAVE TIME AND MONEY
When the ramifications of any proposed divorce plan are fully understood, less time can be wasted sending proposals back and forth between attorneys.
In a mediated divorce, a benefit of the CDFA™ process can be the increased trust that results from having a neutral party look at both sides of the financial picture.