Who do CDFAs™ help?
CDFA professional’s help clients determine the short-term and long-term financial impact of any proposed divorce settlement. They also provide valuable information on financial issues that are related to the divorce, such as tax consequences, dividing pension plans, continued health care coverage, stock option elections and much more. CDFA professional’s also help attorneys by helping the client make financial sense of proposals. CDFA professional’s give lawyers the tools they need to help prove their case.
Should a divorcing person hire a CDFA™ instead of a lawyer?
Definitely not! The IDFA™ highly recommends that any person getting a divorce seek legal counsel. The CDFA professional’s role is to assist the lawyer – not to replace the lawyer.
Do CDFAs™ help only men or only women?
CDFAs™ are trained to advocate for men and women. The CDFA™ simply interprets the numbers and helps the lawyer build a strong case that’s in the client’s best interest.
Can CDFA professional’s act as a neutral party to help a couple reach a settlement?
Many CDFA professional’s are also trained mediators or collaborative professionals who can take a role in facilitative mediation or collaborative divorce. However, most CDFA professional’s are not also lawyers, and they cannot give legal advice. The IDFA™ always recommends that any person going through a divorce receive independent legal advice.