DIVORCE FINANCE

The Top 5 Reasons Why You Need a Certified Divorce Financial Analyst®

Posted by Carlie Berke, CDFA®

November 2, 2017

If you’re a financial savvy spouse you may be thinking, why do I need the professional help of a Certified Divorce Financial Analyst (CDFA®)?

The truth is, divorce settlements can be hard to navigate alone. It is beneficial to both you and your spouse to have a professional to help you understand how your assets are divided in divorce and that you avoid costly mistakes such as not considering tax consequences.

The divorce process is like going to a foreign country without knowing the language or the customs. A Certified Divorce Financial Analyst® is there to help navigate you through complexities of dividing your finances.

  1. Navigating New Territory

The divorce process is like going to a foreign country without knowing the language or the customs. Think about a Certified Divorce Financial Analyst® as a “translator” for your divorce. They’re there to help navigate you through complexities of dividing your finances.  

  1. Being Completely Knowledgeable about the Divorce Process

You don’t know what you don’t know about divorce financial settlements, which is where professional assistance can really come in handy! You should be fully knowledgeable about the whole divorce process so that you can make informed and financially sound decisions for yourself.

“You should be fully knowledgeable about the whole divorce process so that you can make informed and financially sound decisions for yourself.”

  1. Do You Have the Time to Become an Expert?

You might find that you just don’t have the time to deal with all the financial disclosures and analyses. Trust me, we get it. Divorce is a very time consuming process! But you don’t have to do it all alone. A CDFA® can make you feel less stressed by taking care of details that you might not have time for.

  1. Trained and Experienced Professionals Who Can Help

You may be having a hard time letting go of “control” when it comes to your family’s finances. Unfortunately, this can cause increased costs in the divorce process. A Certified Divorce Financial Analyst® will help avoid common financial pitfalls of divorce.

“Professional financial help can smooth the divorce process and alleviate stress.”

  1. Understanding Analyses

If you’re the higher earning spouse, you may have unrealistic expectations about how much support should be paid and how property should be divided. A Certified Divorce Financial Analyst® can provide you with analyses to show various financial settlement scenarios.

The financially savvy spouse isn’t the only one who needs a CDFA®. Even if you’re not the higher earning spouse, professional financial help can smooth the divorce process and alleviate stress. Here’s how a CDFA® can help you!

 

  • Improve financial IQ to better understand financial settlement decisions.
  • Help avoid making financial decisions driven by emotion.
  • Help gather and analyze financial information to help your spouse identify priorities.
  • Help provide clarity to financial life after divorce.
  • Create common sense approaches to their financial settlement that takes into consideration, short, mid and long-term priorities.

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