• Facebook - Black Circle
  • Twitter - Black Circle
  • LinkedIn - Black Circle

  Life changes. We make it easier.™

RETIREMENT PLANNING | SURVIVOR PLANNING | DIVORCE PLANNING

What is a CDFA™?

A CDFA™ is someone who comes from a financial planning, accounting or legal background and goes through an intensive training program to become skilled in analyzing and providing advice related to the financial issues of divorce. The CDFA™ becomes part of the divorce team, providing litigation support for the lawyer and client, or becomes a member of a Collaborative Law team. In either event, the CDFA™ will be responsible for:

 

  • Identifying the short-term and long-term effects of dividing property.

  • Integrating tax issues.

  • Analyzing pension and retirement plan issues.

  • Determining if the client can afford the matrimonial home – and if not, what might be an affordable alternative.

  • Evaluating the client’s insurance needs.

  • Establishing assumptions for projecting inflation and rates of return.

  • Bringing an innovative and creative approach to settling cases.

 

The Certified Divorce Financial Analyst™ also:

 

  • Provides the client and lawyer with data that shows the financial effect of any given divorce settlement.

  • Appears as an expert witness if the case should go to court, or in mediation or arbitration proceedings.

  • Is familiar with tax issues that apply to divorce.

  • Has background knowledge of the legal issues in divorce.

  • Is trained to interview clients so as to:

    • Collect financial and expense data.

    • Help client’s identify their future financial goals.

    • Develop a budget.

    • Set retirement objectives.

    • Determine how much risk they are willing to take with their investments.

    • Identify what kind of life style they want.

    • Determine the costs of their children’s education.