Financial divorce planning can give divorcing couples needed financial clarity. This is especially beneficial during this major financial transformation. As a Certified Divorce Financial Analyst (CDFA™) we provide financial expertise. We work as financial support for you, your mediator or attorney.
Our CDFA™ designation demonstrates our financial knowledge of the key divorce planning issues. This allows us to helping couples get a better handle on their financial picture. We analyze financial issues such as taxes, dividing property and retirement plans, child support, spousal support, paying off marital debt and net income pre- post-divorce. We assist attorneys not only with helping clients understand financial proposals but also litigation support.
Financial divorce planning process
Much of the divorce planning process is collecting, clarifying and analyzing client data. Once collected we provide various snapshots of where spouses stand today. Often, the financial data on which settlements are based is unreliable, which can lead to future problems for one or both parties. Divorce planning increases the accuracy of financial information gathered and organized.
We integrate the methodology of certified financial planning directly into the divorce planning process. As divorce financial planners we explain options, help set priorities and lead you through the hard choices ahead. As negotiations progress, we provide what-if scenarios to show the effects of various proposals on net worth, income, etc. Through this divorce planning process, we can help manage client’s expectations of their financial future.
Collaborating with mediators and attorneys
Mediated divorce is becoming more popular. Inserting a divorce financial analyst into the process. Mediators don’t always have a divorce planning background. We provide that knowledge and due diligence to help spouses, attorneys and mediators make financial sense of proposals.
When working with attorneys, we give attorneys the financial information and discernment they need to help prove their case. If the divorce is contested, our CDFA™ certification allows us to provide litigation support as an expert witness on financial issues such as:
- Clarify assets, liabilities, income and expenses
- Short-term and long-term effects of dividing property
- Tax considerations, such as income, capital gains, etc.
- Analysis of pension and retirement plans
- Calculating the present value of a pension
- Determining the cost basis and capital gains on the sale of the marital home
- Determining if the client can afford the marital home, and if not, what he/she can afford
- Establishing assumptions for projecting inflation and rates