How Can a Certified Divorce Financial Analyst™ Help Me?
A Certified Divorce Financial Analyst™ (CDFA™) specializes in the financial issues surrounding divorce. Often the role of a CDFA™ includes assisting the client and his or her lawyer to understand the short-term and long-term financial impacts of the financial decisions made today.
What is a Certified Divorce Financial Analyst™?
While divorce is an emotional period, both parties must be very careful in planning for their financial well-being. That’s where a CDFA™ can help.
Divorce Financial Issues—Titling of Assets and Litigation Costs
While divorce is an extremely emotional period, both parties must be very careful in planning for his, her, and the children’s financial well-being. As financial advisers, we see two main concerns when couples are getting a divorce: titling of assets and the cost of litigation.
Loss of a Spouse
Bil Lako, CFP® addresses a listener’s question regarding the loss of a spouse.
Inherited IRAs
Jennifer Thomas, CFP® answers a listener’s question on what to do with an inherited IRA.
Divorce Tax Issues
Taxes play a very important role in shaping a divorce settlement. Some items, like alimony or cash settlements, are taxable to the spouse who receives it, while child support payments are not. For more information on important divorce tax issues, read this C.P.A. Insight.
Financial Planning for Divorce
There is often a need for financial planning prior to a divorce, as high emotions can lead to poor financial decisions.