What is a Certified Divorce Financial Analyst®?

A CDFA® is a person with a financial planning, accounting or legal background who completes an intensive training program to become skilled in the financial issues of divorce. The CDFA® analyzes and provides expertise to assist the client and their attorney to understand how the financial decisions they make today will impact their financial future.

What does a CDFA® do to help clients and their attorneys?

The CDFA® becomes part of the divorce team, providing litigation support for the lawyer and client, or becomes a member of a Collaborative Law team. In either event, the CDFA® will be responsible for:

  • Identifying the short-term and long-term effects of dividing property.
  • Integrating tax issues.
  • Analyzing pension and retirement plan issues.
  • Determining if the client can afford the matrimonial home – and if not,
       what might be an affordable alternative.
  • Evaluating the client’s insurance needs.
  • Bringing an innovative and creative approach to settling cases.

The Certified Divorce Financial Analyst® also:

  • Provides the client and lawyer with data that shows the financial effect of any given divorce settlement.
  • Appears as an expert witness if the case should go to court, or in mediation or arbitration proceedings.
  • Is familiar with tax issues that apply to divorce.
  • Has background knowledge of the legal issues in divorce.
  • Is trained to interview clients so as to:
    • Collect financial and expense data.
    • Help client’s identify their future financial goals.
    • Develop a budget.
    • Set retirement objectives.
    • Identify what kind of life style they want.
    • Determine the costs of their children’s education.

A CDFA® helps their client or attorney stay focused on the case so that the CDFA® can manage the financial details of the divorce arrangement.

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Please note neither LPL Financial nor any of its representatives render tax or legal advice.