If you're facing the challenges of divorce, you've come to the right place. You'll find information about the process, and how our Certified Divorce Financial Analyst™ can help to ensure a fair financial settlement.
Our Certified Divorce Financial Analyst™, CDFA™, is available to help you through this period and this certification uniquely qualifies him to provide expertise on the financial issues of divorce. CDFA™s are trained to:
- Serve as a financial expert on divorce cases;
- Present powerful data to back up an argument;
- Offer financialy sound settlement options.
What is a CDFA™?
A CDFA™ is someone with a financial planning, accounting, or legal background and has completed an intensive training program to become skilled at analyzing and providing expertise on the financial issues of divorce. A CDFA™ can:
- Become a part of the divorce team and provide litigation support for the attorney and client on financial issues such as:
- The short-term and long-term effects of dividing property;
- Tax issues;
- Analyzing pension and retirement plans;
- Calculating the present value of a pension;
- Determining the cost basis and capital gains on the sale of the marital home;
- Determining if the client can afford the marital home, and if not, what he/she can afford;
- Evaluating the insurance needs of the client, and determining if the client qualifies for COBRA; and
- Establishing assumptions for projecting inflation and rates of return.
- Bring an innovative and creative approach to settling cases.
- Provide the client and attorney with data that shows the financial effect of any given divorce settlement.
- Appear as an expert witness in court or in mediation or arbitration proceedings.
- Contribute specific knowledge about tax laws and legal issues that apply to divorcing couples.
A CDFA™ is not an Attorney or CPA
As important as it is to know what a CDFA™ can do for you, it is also important to know what they are not:
- A CDFA™ is not an attorney and cannot provide legal advice. Their role is to assist your attorney with the financial issues related to divorce. Simply put, a CDFA™ will not tell you what you should do (only an attorney or judge can do that), but rather answers the question “If you do this, then this would be the financial result.”
- While able to review tax issues, a CDFA™ is not a CPA or Tax Preparer.
Role of the CDFA™
The role of the CDFA™ is to assist the client and the attorney to understand how, based upon certain assumptions, the financial decisions they make today will impact the client’s financial future.