The
financial ramifications of a divorce can be devastating. But
with proper planning and expert help from professionals specializing
in financially equitable divorce settlements, you can increase
your chances of arriving at a settlement that fully addresses
your
long-term financial needs -- and your spouses too.
What's
missing in most divorce processes is financial expertise. A
qualified
financial planner or Certified Divorce Financial
Analyst can forecast the long-term effects of the settlement.
By
using a Certified Divorce Financial Analyst, both partners
have a clearer view of their financial futures. Only then can
they approach
a settlement that fully addresses the financial needs and
capabilities of each. To learn more about how a Certified
Divorce
Financial
Analyst can help you plot your financial future with Divorce
Plan software, read the case example that follows.
- Who
do CDFA’s help?
CDFA’s
help clients determine the short term and long
term financial impact of any proposed divorce settlement.
They also
provide valuable information on financial
issues that are related to the divorce, such as
tax consequences, dividing pension plans,
continued health care coverage, stock option
elections and much more.
CDFA’s
also help attorneys by helping the client make financial sense
of proposals as well as provide expert witness testimony
in trials and arbitrations. CDFA’s give attorneys
the tools they need to help prove their case.
- Should
a person hire a CDFA instead of an attorney?
Definitely not! The IDFA highly recommends that any person
getting a divorce seek legal counsel. The CDFA’s role
is to assist the attorney, not replace the attorney.
- Do
CDFA’s help only men or only women?
CDFA’s are trained to advocate for men and women.The
CDFA simply interprets the numbers and helps the attorney build
a strong
case that’s in the client’s best interest.
- Can
CDFA’s
act as a neutral party to help a couple reach a settlement?
Many CDFA’s are also trained mediators and often times take
a role in facilitative mediation and collaborative law. However,
CDFA’s are not attorneys and cannot give out
legal advice. The IDFA always recommends that any
person going
through a divorce
receive independent legal advice.
