Orlando Divorce Planning

Why Hire a CDFA®

5 Reasons For Working With A Certified Divorce Financial Analyst

1. Financial analysis conducted early in the divorce process can save time.

The average length of the U.S. divorce process is one year. In the beginning stages of the process both parties spend a great deal of time trying to get a clear understanding of the financial aspects and terminology of the separation. A Certified Divorce Financial Analyst® (CDFA®) professional can explain all financial aspects of the case and help to empower their client to make educated decisions throughout the proceedings.

2. A CDFA can help their client save money during the divorce process.

By using a CDFA professional you can have a clear view of your financial future. A legal settlement that floats back and forth between attorneys, without the client having a clear understanding of all financial ramifications, can be detrimental, time consuming and expensive. CDFA professionals can educate their clients by providing them with a thorough knowledge and understanding of the often-complicated financial decisions in a divorce.

3. a CDFA can help their clients avoid long-term financial pitfalls related to divorce agreements.

Working with a client and their attorney, a CDFA professional can forecast the long-term effects of the divorce settlement. This includes details of all tax liabilities and benefits. Developing a long-term forecast for their financial situation is far better than a short-term snapshot. Financial decisions must be made that not only take care of immediate family needs, but retirement needs as well.

4. a CDFA can assist their client with developing detailed household budgets to help avoid post-Divorce financial struggles.

A CDFA professional can help you think through what the divorce will really cost in the long run and develop a realistic monthly budget during the financial analysis process. Expenses such as life and health insurance, college education costs, and cost of living increases need to be factored in when agreeing on a final financial settlement.

5. Using a CDFA professional can reduce the amount of apprehension and misunderstanding about the divorce process.

Misinformation and misconceptions about the divorce process can be detrimental. Many have false expectations that they will be able to secure a divorce settlement allowing them to continue with their accustomed style of living. Financial divorce analysis helps to ensure a stable economic future and prevent long-term regret about financial decisions made during the divorce process.