Millions of women are divorced each year. Sadly, even the best efforts of legal consultants and other professionals often leave one partner penniless, while the other continues to prosper. This affects children as well as the couple involved. With this being said, the financial ramifications of a divorce can be devastating. However, with proper planning and 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. What's missing in most divorce processes is a financial professional. A Certified Divorce Financial Analyst® (CDFA®) professional can forecast the long-term effects of the settlement. By using a CDFA® professional, both partners have a clearer view of their financial futures. Only then can they reach a settlement that fully addresses the financial needs and capabilities of each.
The role of the CDFA® is to assist women and their attorney to understand how financial decisions made today will impact the client’s financial future.
Many divorcing women have questions such as:
Our role is to help both client and lawyer understand how the financial decisions made today will impact the client’s financial future, based on certain assumptions.
We help women determine the short-term and long-term financial impact of any proposed divorce settlement. We 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® professionals also help attorneys by helping the client make financial sense of proposals.
Many CDFA® professionals are also trained mediators and/or collaborative professionals who can take a role in facilitative mediation or collaborative divorce. However, most CDFA® professionals are not lawyers and cannot give legal advice. The IDFATM always recommends that any person going through a divorce receive independent legal advice.
The designation of Certified Divorce Financial Analysts is awarded by The Institute for Certified Divorce Financial Analysts (IDFATM) to individuals who successfully complete the training and test requirements set by IDFATM. IDFATM is the premier national organization dedicated to the certification, education and promotion of the use of financial professionals in the divorce arena.
Once the settlement is in place, we work to help get you back on your financial feet as quickly as possible. We offer our experience to help you share your concerns, address conflicts and find solutions that feel right for you. You’ll grow in knowledge, strength and confidence as you enter the next stage of your life.