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The Collaborative Process
If you have done your research and have decided that you would like to work through your separation issues using the Collaborative Approach then it is most important that you chose lawyer’s who have solid experience in the process.
How does a CDFA work in the Collaborative Divorce Process
The Collaborative process uses a team approach in negotiating divorce settlements. Legal professionals and clients choosing this option, jointly retain a team of specialists to help guide them through.
When working within this framework a Certified Divorce Financial Analyst can help in the following way:
- Provide unbiased presentations of the financial situation as it is presently and by going one step further, what the proposal will look like going forward
- Level financial understanding and decision making skills
- Show long term consequences of various settlement options
- Help with cash flow scenarios and budgeting
- Identify Risk factors
- Examine tax implications on current and future income, retirement assets, and capital gain
When entering into this process you and your ex spouse will sign a contract confirming that you will make every effort to settle the case without going to court. If for some reason this process breaks, down and you can not reach an agreement, the collaborative lawyers and the team of advisors would not be able to carry the case to court.
If this process works properly the outcome is a satisfactory one, as you and your spouse have been in control of the process and no one else has made any decisions for you.
