The CDFA Professional
Why seek the Certified Divorce Financial Analyst?
Engaging a professional with the certificate and designation as a Certified Divorce Financial Analyst, CDFA, will be very beneficial.
In an effort to keep costs down, many couples are looking outside the legal system for help navigating through a divorce. As couples attempt to minimize legal and other professional fees, a growing number of divorcing couples are turning to CDFA professionals to help them preserve their family’s finances.
The value of CDFA credential and designation:
- The CDFA professionals, performing divorce financial analysis and the matrimonial lawyers can work together to help the client.
- The CDFA is the financial professional clients may turn to at settlement time.
- Engaging a CDFA professional amy provide long-term accounting and financial opportunities for decades to come.
- CDFA professionals can provide invaluable information that allows the court to arrive at an equitable, fair and just resolution – not just at trial, but post the Judgment of Divorce decree as well.
- When the divorce financial analyst enters the process, the participation of the financial specialist can benefit both clients and lawyers.
- The CDFA may wade through the financial documents of a divorce case. The attorney focuses on legal issues.
- The professionals, certified divorce financial analysts and matrimonial attorneys support each other. The skilled CDFA professional brings clarity to the client and educates the client.
- CDFAs watch out for tax snafus, may educate clients on insurance issues after a split, and demystify stock options and investments.
- Family law clients need education to help make the right choices. A good lawyer working with a CDFA professional can make cases move forward in a cost-efficient and effective way. The teamwork between a lawyer and CDFA professional is beneficial for clients. CDFAs help clients with financial issues that will affect the rest of their lives.
The Institute for Divorce Financial Analysts grants the certification and designation after the candidates, professionals including CPAs, attorneys, mediators, financial planners, successfully complete the IDFA’s exams in several modules and numerous case studies including these topics:
- Advanced Financial Issues of Divorce
- Legal Issues of Divorce
- Tax Issues of Divorce
The CDFA™ helps their clients with financial issues that will affect the lives of couples, families:
- Personal property vs. marital property
- Valuing and dividing property such as splitting marital home
- Retirement assets and pensions
- Spousal support and child support
- Financial and tax solutions in transition
CDFAs build a niche, helping those in transition.