What Does a CDFA Professional Do?
As a CDFA professional we:
- Are a part of your divorce team we provide litigation support for the attorney and client on financial issues such as:
- Understanding the short-term and long-term effects of dividing property.
- Understanding tax issues.
- Analyzing 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 or she can afford.
- Evaluating the insurance needs of the client and determining if the client qualifies for COBRA.
- Determining earning capabilities.
- Establishing assumptions for projecting inflation and rates of return.
- Brings an innovative and creative approach to settling cases.
- Provides the client and attorney with data that shows the financial effect of any given divorce settlement.
- Appears as an expert witness in court or in mediation or arbitration proceedings.
- Are knowledgeable about specific tax laws that apply to divorcing couples.
- Has knowledge about the legal issues in divorce.
- Are trained to interview clients to:
- Collect financial and expense data.
- Help them identify their future financial goals.
- Develop a budget.
- Set Retirement objectives.
- Determine how much risk they are willing to take with their investments.
- Identify what kind of lifestyle they want.
- Determine what kind of education they want for their children.