What Does a Certified Divorce Financial Analyst (CDFA®) Do?
by Donna Cates, CDFA®, CRPC®
Navigating divorce is like riding an emotional rollercoaster, but it's also a significant financial transaction. As you untangle the threads of your emotional life, you're also disentangling your financial partnership. For women, especially, who often experience a decline in their standard of living post-divorce compared to men, it's crucial to carefully consider your financial future.
Enter the Certified Divorce Financial Analyst (CDFA®). Your divorce attorney might recommend working with one, and for good reason. These professionals specialize in providing compassionate support and helping you make informed financial decisions during and after divorce.
Here's what a CDFA® can do for you:
Conduct a thorough assessment of your financial situation.
Identify all assets and debts, distinguishing between separate and marital property.
Determine eligibility for alimony and child support and help quantify appropriate amounts.
Navigate complex financial matters like business ownership or stock options.
Reassess risks and revise estate planning needs.
Educate you on the financial implications and tax considerations of asset division.
Create realistic budgets for your current and post-divorce life.
Model your financial future, including net worth, cash flow, savings, and investments.
Offer ongoing financial guidance and support after the divorce.
But perhaps most importantly, a CDFA® can ease your fears and uncertainties about your financial future. Many women dread the prospect of financial insecurity post-divorce, sometimes even staying in unhappy or abusive relationships out of fear. A CDFA® provides a clear, realistic picture of your financial situation, empowering you to plan confidently for the next chapter of your life.
If you're still unsure about working with a CDFA®, consider meeting with me for a Discovery Call so we can discuss your specific needs and concerns. I’m here to help you navigate this challenging time with compassion and expertise.
This content was generated with AI assistance. While we strive for accuracy, AI may not capture all current laws and market conditions. This information is for informational purposes only and should not be considered personalized financial advice. Always consult a licensed financial advisor for decisions tailored to your unique situation and goals. AI is used to enhance insights, not replace professional guidance.