1. Financial analysis conducted early in the divorce process can save time.
In the beginning stages of the process, both parties spend a great deal of time trying to get a clear understanding of the financial aspects and terminology of the separation. IDR’s Certified Divorce Financial Analyst (CDFA™) explains all financial aspects of the pending financial decisions and help to empower clients to make educated decisions throughout the proceedings.
2. A CDFA™ can help the client save money during the divorce process.
By using IDR’s CDFA™, you will have a clearer view of your financial future. A legal settlement that floats back and forth between attorneys, without the client having a clear understanding of all financial ramifications, can be detrimental, time consuming and expensive. IDR’s CDFA™ educate clients by providing a thorough knowledge and understanding of often-complicated financial decisions.
3. A CDFA™ can help clients avoid long-term financial pitfalls related to divorce agreements.
IDR’s CDFA™ can forecast the long-term effects of a proposed divorce settlement. This includes details of all tax liabilities and benefits. Developing a long-term forecast of a proposed financial settlement is far better than a short-term snapshot. What may work today may prove unworkable tomorrow. Financial decisions should be made that not only take care of immediate needs, but future needs as well.
4. IDR’s CDFA™ assist clients with developing detailed household budgets to help avoid post-divorce financial struggles.
IDR’s CDFA™ help clients analyze the long-term effects of the divorce and develop a realistic monthly budget during the financial analysis process.
5. Using IDR’s CDFA™ can reduce the amount of apprehension and misunderstanding about the divorce process.
Financial divorce analysis helps to ensure a good, stable economic future and prevent long-term regret with financial decisions made during the divorce process.
