use a CDFA—Certified Divorce Financial Analyst™
analysis conducted early in the divorce process can
The average length of the U.S. divorce process is
one year. In the beginning stages of the process,
both parties spend a great deal of time trying to
get a clear understanding of the financial aspects
and terminology of the separation. A Certified Divorce
Financial Analyst™ (CDFA™) can explain all financial
aspects of the pending decisions and help to empower
their client to make educated decisions throughout
can help their client save money during the divorce
By using a CDFA™,
you can have a clearer view of your financial future.
Only then can you approach a legal settlement that
fully addresses your financial needs and capabilities.
A legal settlement that floats back and forth between
attorneys, without the client having a clear understanding
of all financial ramifications, can be detrimental,
time consuming and expensive. CDFA™s
can educate their clients by providing a thorough
knowledge and understanding of the often-complicated
can help their clients avoid long-term financial pitfalls
related to divorce agreements.
Working with a client and their attorney, a CDFA™
can forecast the long-term effects of the divorce
settlement. This includes details of all tax liabilities
and benefits. Developing a long-term forecast for
their financial situation is far better than a short-term
snapshot. Financial decisions must be made that not
only take care of immediate family needs, but retirement
needs as well.
can assist their clients with developing detailed
household budgets to help avoid post-divorce financial
help clients think through what the divorce will really
cost in the long run and develop a realistic monthly
budget during the financial analysis process. Expenses
such as life insurance, health insurance and cost
of living increases must be taken into consideration
when agreeing on a final financial settlement.
can reduce the amount of apprehension and
misunderstanding about the divorce process.
Misinformation and misconceptions about the divorce
process can be detrimental. Many have false expectations
that they will be able to secure a divorce settlement
allowing them to continue with their accustomed style
of living. Financial divorce analysis helps to ensure
a good, stable economic future and prevent long-term
regret with financial decisions made during the divorce
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