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Divorce Services FAQs

The emotional impact of divorce has been compared to experiencing the death of a loved one, and every divorce is unique in its challenges.  Navigating the financial aspects of divorce can be intimidating, frightening, and overwhelming, as key lifetime decisions need to be made during one of the most emotionally distressing times in your life.  Our firm is uniquely positioned to help you make smart financial decisions during divorce, and help you chart a course for a secure independent financial future.

What is the Certified Divorce Financial Analyst designation, and how can it help me?

The Certified Divorce Financial Analyst (CDFA) designation is most often sought by financial professionals, such as financial planners and accountants, but an increasing number of attorneys earn the designation to better understand the financial impact of divorce.  Essentially, the CDFA designation is comprised of several courses of study, and exams, that focus exclusively on the complex financial issues that couples and attorneys face.  There is also ongoing substantial continuing education required to maintain the designation.

Traditional general practitioner financial advisors and planners may not understand the concepts like alimony recapture, coverture fractions, and specific regulations and tax issues unique to divorce. They may also be unfamiliar with norms and practices within the divorce community of practitioners.  I like to think of the importance of working with a CDFA in divorce like this: Would you see a mechanic about a heart attack? Of course not.  And you certainly wouldn't seek treatment for cancer from your general practice family doctor.  You have only one chance to get it right in divorce.  We recommend you seek a specialist. 

Can you help me figure out who gets what in our divorce?

The answer is yes.  A Certified Divorce Financial Analyst (CDFA) is an important partner in the division of assets, or equitable distribution, process.  A CDFA can help you analyze the tax implications of dividing assets, and can make suggestions to help minimize costs.  A CDFA understands the financial aspects of divorce even better than an attorney, and can work side by side with attorneys and mediators to help clients reach agreements that are truly fair.

Important permanent life decisions are made during divorce, not the least of which is the financial settlement.  Often, people going through divorce find it difficult to separate their emotions from the decision-making process, especially where money is concerned. Additionally, financial insecurity and uncertainty is at its highest during divorce, and it's hard to make sensible financial decisions without the perspective of a financial professional who is trained to focus on how to craft smart financial settlements.  Here are some common concerns that can be addressed by a CDFA:

  • Can I afford to stay in the marital home with the kids?
  • Am I going to be financially o.k. post-divorce?
  • How do I decide if I should take a portion of a pension vs. another asset?
  • What's the difference between alimony and child support, and how will it impact my financial future?

There are far too many other questions for us to list here, but seeking the advice and help of a CDFA can make the division of assets process can help you know where you'll stand post-divorce, before you settle.