by Kristen Hilty
How A Certified Divorce Financial Analyst (CDFA®) Can Help
Under normal circumstances the process of a divorce can last a year or more: Due to the Covid-19 pandemic, the family court system is and will be at least 6 months behind. A Certified Divorce Financial Analyst (CDFA®) can explain all the financial aspects of your decisions and help you to make smart choices throughout the process.
As a CDFA® and mediator, we work with you and your attorney on financial and other settlement aspects of your divorce. We forecast the short and long-term impacts of the divorce settlement, including but not limited to tax liabilities, expenses, and retirement and college savings plans.
What Is The Real Cost Of Your Divorce?
A CDFA® can assist you with planning a budget and help adjust to the cost of your new living arrangements. We help you think about what needs to be considered when agreeing to a settlement, including life insurance, health insurance and cost of living increases.
There are a lot of misconceptions around the divorce process. A CDFA® can help translate financial language and legalese, and bring greater understanding to your situation while helping you build a realistic financial vision for both the long and short term.
A CDFA® Will Help You Take Stock Of Your Current Financial Situation, Including:
- Bank accounts
- Investment and Retirement Accounts
- Real Estate and Vehicles
- Your valuable antiques, jewelry, luxury items, collections, and furnishings
- Help you understand the exact amounts of salary and other income earned by both yourself and your spouse
- Examine papers relating to insurance-life/health/auto/homeowner’s as well as complicated pensions or other retirement benefits
- Decisions regarding debts incurred during the marriage
In short, we help you get clarity around your current financial situation, as well as assist in creating a vision for a secure financial future.
Contact Better Divorce Solutions for a free consultation and let us know how we can help.