CDFA professionals specialize in financial issues related to divorce. They analyze the long-term financial impact on dividing taxes, investment funds, insurance, and real estate. Combined with specialized training and expertise, a CDFA will provide an amicable and equitable division of a divorcing couple’s finances.
Financial Decisions and Emotions – A Difficult Mix.
Divorce is something that no one prepares for. Couples who are separating find themselves forced to make critical decisions about their financial future. It is difficult to make sound decisions during this lonely and emotional time.
In addition, Divorce is considered one of the largest financial transactions of a person’s life. Yet, many individuals call a lawyer first. Most attorneys aren’t tax or financial experts. A CDFA doesn’t replace your lawyer, but should be the first call before you hire an attorney. Preparing for a secure financial future is the first concern surrounding divorce. A CDFA will eliminate confusion, post-divorce financial concerns and provide clarity for your long-term financial decisions. And a CDFA will save you money.
We want you to have all the help you need in making sure your divorce is structured so that you won’t find yourself being pulled back into something you thought was settled and gone. Getting clear answers to your questions provides you and your attorney with the details needed in the divorce decree that can help prevent months, or even years of unnecessary court battles. We advocate for a peaceful divorce. We strive to help you feel safe by eliminating financial fears. We believe that amicable and equitable divisions exist. And finally, we know you can move forward feeling financially secure.
- Title search: individual, joint, or trust
- Credit search: who’s on the mortgage and other joint debts
- Market analysis: value of the property
- Appraisal: Value of the property
- Title work: Recording deeds and liens
- Exiting real estate: neutral 3rd party plan to sell the property
- Financing: Structure the decree so it’s clear to underwriters for future financing or in purchasing the existing home
- IRA & 401(k)
- Stocks and bonds
- Real estate
- Research all investment accounts to see consequences of dividing the assets
- Reviewing taxes and running scenarios post-divorce
- Looking at future income, lump sum payout
- Establishing assumptions for projecting inflation and rates of return
- Provide data that exhibits the financial effect of any given divorce settlement