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. A divorce is an emotional time, and spouses can waste valuable time and resources fighting over minor belongings. Having a divorce financial analyst, who is removed from the emotion, can help both parties achieve an equitable settlement.
A CDFA™ works with the client to identify and collect the financial data from the marriage.
- Helps evaluate any key financial data related to divorce:
- Income and deductions;
- Living expenses for both the husband and the wife, and
- Real property and other assets and liabilities.
- If a client meets with a CDFA™ before retaining a lawyer, time and money may be saved by making sure the financial information is accurate and complete.
- This allows your lawyer to focus on the legal aspects of the case.
- A CDFA™ can join the team at any stage of the data-gathering process.
Finding the right professionals for your situation is key; you need a lawyer to provide legal advice, but you likely need a CDFA™ to provide financial advice.
- A CDFA™ can provide litigation support for your lawyer on such issues as:
- Short-term and long-term effects of any property division proposals;
- Tax consequences;
- Division of retirement funds and future pensions;
- Determination of whether you can afford to keep the marital home, and
- Valuing your property, and more.
Disclosures
This article is meant to provide valuable background information on particular investments, NOT a recommendation to buy. The investments referenced within this article may currently be traded by Henssler Financial. All material presented is compiled from sources believed to be reliable and current, but accuracy cannot be guaranteed. The contents are intended for general information purposes only. Information provided should not be the sole basis in making any decisions and is not intended to replace the advice of a qualified professional, such as a tax consultant, insurance adviser or attorney. Although this material is designed to provide accurate and authoritative information with respect to the subject matter, it may not apply in all situations. Readers are urged to consult with their adviser concerning specific situations and questions. This is not to be construed as an offer to buy or sell any financial instruments. It is not our intention to state, indicate or imply in any manner that current or past results are indicative of future profitability or expectations. As with all investments, there are associated inherent risks. Please obtain and review all financial material carefully before investing. Henssler is not licensed to offer or sell insurance products, and this overview is not to be construed as an offer to purchase any insurance products.
