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Who do CDFA™'s help?
CDFA™'s help clients determine the short term and long-term financial impact of any proposed divorce settlement. They also provide valuable information on financial issues that are related to the divorce, such as tax consequences, dividing pension plans, continued health care coverage, stock option elections and much more. CDFAäs also helps the client 's legal team make financial sense of proposals. CDFAäs can provide lawyers with tools they need to prevail in court.
Increasingly, CDFAäs are finding their services called for in the mediation and collaborative law areas. Information helps alleviate fears and misunderstandings that surround money issues
Should a person hire a CDFA™ instead of a lawyer?
Definitely not! We highly recommend that any person getting a divorce seek legal counsel. The CDFA™' s role is to assist the lawyer, not replace the lawyer. Divorce is a legal process that requires professional advice, just as the financial aspects of a property settlement need analysis by a professional trained in the field.
Do CDFA™'s help only men or only women?
CDFA™'s are trained to advocate for men and women. The CDFAä simply interprets the numbers and helps the parties find support for a case that takes both sides ' financial future into consideration.
Can CDFA™'s act as a neutral party to help a couple reach a settlement?
CDFA™'s are not lawyers and cannot give out legal advice. The IDFA™ (Institute of Divorce Financial Analysts) always recommends that any person going through a divorce receive independent legal advice.
