The role of the CDFA™

The role of the Certified Divorce Financial Analyst®, CDFA™ is to help both client and attorney understand how the financial decisions made today can impact the client's finances based on certain assumptions.

A CDFA™ comes from a financial planning, accounting or legal background and goes through intensive schooling and testing to become skilled in analyzing and providing expertise related to the financial issues of divorce. The Certified Divorce Financial Analyst™ becomes part of the divorce team and has the ability to:

• Assist in developing Financial Affidavit.

• Illustrate the short and long-term effects of dividing marital property.

• Analyze pension valuations and retirement plans.

• Calculate child and/or spousal support.

• Show the impact of staying in marital home.

• Discuss health insurance options to include COBRA.

• Develop an innovative and creative approach to settling cases.

• Provide data to show the financial effect of possible divorce settlements.

• Appear as an expert witness in court.

We provide the following services:

Net Worth Statements: data gathering and creation of detailed Net Worth Statements providing detailed guide to negotiations of asset and debt division

Cash Flow Analysis: detailed budget and needs analysis including analysis of marital standard of living and assistance with Financial Affidavit

Income and Tax Projections: income tax planning, dependent exemption and support scenario comparisons, tax return and earning history reporting and analysis of income available for support

Pension Benefit Valuation and Analysis: defined benefit and defined contribution plan valuations and analysis of immediate asset offset or plan division though Qualified Domestic Relations Order (QDRO)

Asset Division Strategies and Tracking: detailed reporting and tax consequence analysis of asset division distributions including assistance with and tracking of qualified distributions

Risk Assessment and Insurance Strategies:Utilize life insurance as security for child and spousal support