- What is marital property and what is personal property
- Community property value and how it may be divided
- Retirement and pension plans
- Spousal and child support
- Advantages/disadvantages of keeping or selling the family home and other real estate
- Potential tax issues
- Short and long-term financial impact of different settlement proposals
What is a Certified Divorce Financial Analyst?
A Certified Divorce Financial Analyst has received specialized training in the issues of divorce and is trained to help people with the financial aspects of divorce including income, expenses, assets, tax issues, pensions, and division of property. CDFAs educate clients on the financial details and ramifications of divorce and empower them to make educated decisions about their future. The goal is to arrive at an equitable settlement that meets the personal needs of the family.
With detailed spreadsheets and graphs, CDFAs look at cash flow and net worth projections of different settlement proposals. A CDFA can forecast the short and long-term effects of different scenarios and address the financial needs and capabilities of both parties. Once the settlement agreement has been signed, it can't be changed and by providing the financial expertise in the pre-settlement phase, CDFAs are often able to save time and money by providing a clear view of the financial future for both parties.