CFDA Certified Divorce Financial Analyst Counseling in Jacksonville, FL
Going through a divorce can be one of the most stressful times in life. Financial considerations arise and having the expertise of a financial counselor during this time can be very helpful.
Katherine Ashley saw that she could help her clients through this process by becoming a Certified Divorce Financial Analyst.
What is a Certified Divorce Financial Analyst (CDFA)?
Founded in 1993, the Institute for Divorce Financial Analysts™ (IDFA™) is the most established and recognized designation in financial planning for divorce. It is the premier national organization dedicated to the certification, education and promotion of the use of financial professionals in the divorce arena.
To become a Certified Divorce Financial Analyst™ (CDFA™), a candidate must:
• Successfully complete four exams based on the course offered by the IDFA™.
• Be in good standing with his or her firm and any governmental regulatory agencies.
• Complete 20 hours of continuing education courses every two years.
Do I need the services that a CDFA can offer?
Five Reasons For Hiring a CDFA™
- Financial analysis conducted early in the divorce process can save time.
- A CDFA™ can help their client save money during the divorce process.
- A CDFA™ can help their clients to avoid long-term financial pitfalls related to divorce agreements.
- A CDFA™ can assist their clients with developing detailed household budgets to help avoid post-divorce
- A CDFA™ can reduce the amount of apprehension and misunderstanding about the divorce process.
Divorce Support Services
- Pre-Divorce Financial Counseling and Education
Review income and expense to develop a pre-divorce budget
Training and education on daily financial matters (balance checkbook, pay bills)
- Assistance with Financial Forms and Documentation
Financial disclosures, child support guidelines, supporting documentation
- Analysis of Financial Position and Disclosure of Both Spouses
Determine basis of assets and liabilities
Marital vs. Non-marital property
Search for omissions, misstatements, hidden assets or undisclosed income by spouse
Spousal support assessment
- Review and Analysis of Proposed Marital Settlement
Analyze initial proposal
Compare and contrast alternative settlements
Prepare charts to reflect their financial impact
Develop post-divorce budget
- Analysis of Income Tax Effects of Proposed Marital Settlement
Consider the tax implications of the division and liquidation of property
Capital gains, ordinary income, retirement distributions
- Forecast Short-Term and Long-Term Financial Impact of Settlement
Project growth or decline of assets and the effect on financial security