Top Certified Divorce Financial Analyst Benefits

Divorce can be tough for everyone. The emotional turmoil and exhausting process of divorce is stressful and draining to say the least.  This leads many women to just do whatever they can to get through the process as quickly as possible. This is probably not the wisest thing to do.

 

There are 3 phases and associated costs of the Divorce process: The Pre-Divorce Planning, the In-Process and the Post-Divorce.  For each of these stages, it is important to understand the associated cost considerations and options.. A Certified Divorce Financial Analyst (CDFA) is the best informed expert to explain the options available, the ramifications of them, and guide you through your choices.

 

Having said this, I want to give you my top five reasons on why you should really hire A Certified Divorce Financial Analyst to help and guide you during the divorce process:

 

First, getting a Certified Divorce Financial Analyst (CDFA) saves you TIME.

During divorce, there are a lot of forms you need to fill out from the beginning of the process until the end of it.  It is wise to have someone very knowledgeable to tell you which ones you need to get done, and to take the time to explain them to you.

 

  • A Certified Divorce Financial Analyst is aware of each and every document you need in order to get the fairest marital settlement agreement.   You also need it to substantiate the Marital Standard of Living for Spousal Support and income available for Child Support.

 

A CDFA can explain how to best optimize your situation on these forms.

  • If you have these documents prepared ahead of time, you will be more likely to avoid delays in processing once the divorce process has begun.  These are also usually the documents attorney’s and mediator’s ask for upfront, so you will be ahead of the game b having the ready to go.

Second, hiring a Certified Divorce Financial Analyst (CDFA) can save you MONEY.

  • Consulting with a CDFA, you will have a clear idea from the onset of your likely financial situation.  This is a result of working with your CDFA to get an accurate and thorough picture of your family assets, debts, income and expenses, while including specifics as to any tax benefits and/or liabilities.

 

While demystifying the process, many people have found this a useful evaluation tool for assessing the economic feasibility of proceeding with a divorce action.

  • A CDFA is aware of tax laws as they pertain to divorce and knowledgeable on how to apply the myriad tax benefits and other cost savings provided by the law and applicable only to divorce.  This may result in cost savings by avoiding unwarranted payment of taxes or an unfair tax allocation.

  • A CDFA is very skilled and has a great understanding of investments and their costs, which most of the time are not readily apparent to an untrained individual.  A CDFA knows how these will affect settlement scenarios and whether the results will result in favor of one party’s benefit or loss.

 

  • A CDFA can estimate a forecast of the effects of any proposed settlement, by providing a year-by-year picture and even the bottom-line number for you.  You can see the effect on each party’s net worth and cash flow.

 

  • CDFAs have tax and long-term financial planning knowledge which absolutely means it saves you from paying two professionals:  An Accountant and a Financial planner whom most of the time overlap with responsibilities. This could be an additional area of cost savings.

 

  • Not many of us are aware of this, but a Certified Divorce Financial Analyst’s work is recognized by the court of California therefore whatever you accomplish with them is deemed valid.  No need for a set of “do-overs” with another professional and new set of fees.

 

Third, hiring a CDFA or Certified Divorce Financial Analyst saves you EFFORT.

  • Working with a CDFA who is knowledgeable and experienced can save you the effort of researching to find answers to questions and can also save you from making financial mistakes that will need correcting.  A CDFA will also remind you about items you may be forgetting but may be important to your financial future.

 

Why reinvent the wheel when you can the resources of an expert at our fingertips.

 

Fourth, hiring a CDFA or Certified Divorce Financial Analyst can help lessen your EMOTIONAL BURDEN .

Certain highly emotional discussions may be diffused or entirely avoided when you have all the facts at your fingertips.  As an example, knowing the financial impact of keeping the house, versus selling it allows you to make an informed financial decision on how you approach the topic, and handle it with your ex.

  • Knowing ahead of time exactly what you are agreeing to in your marital settlement agreement, also puts your mind at ease about whether the money will last and knowing exactly how the settlement will impact your lifestyle - both now and in years to come.


 

Lastly, hiring a CDFA or Certified Divorce Financial Analyst can help you MOVE FORWARD

  • Having the knowledge to make the financial decisions that you feel are the best for your future, without being bullied into accepting terms you do not fully understand nor want, allows you to start thinking about the future, and planning for it rather than dwelling on an unhappy past.

 

There are so many ways to maximize the financial opportunities provided by law in preparing for and structuring your marital settlement agreement.  This, combined with knowing exactly how your financial outcomes will play out in one scenario compared to another, saves time and money both "pre-", "during", and "post" a divorce action, whether you are working with a litigator, mediator, Collaborative process or doing it yourselves.

Hiring a Certified Divorce Financial Analyst arms you with the financial knowledge you need to make the best of the stress and tension of divorce, and plan for a future in which you can thrive.

Reach out to Kimberly Surber today. Kimberly Surber is a Certified Divorce Financial Analyst in the State of California and has helped many women who are in the process of divorce.  Her specialization and skills, and years of experience puts her clients at ease, and helps them understand how to make the best financial decisions they can.

 

Most of all Kim genuinely cares for each and every client she helps assuring them support every step of the way.

 

Call Kimberly Surber at 907- 347-3860 today for a free consultation.

Tags: Certified Divorce Financial Analyst Benefits, CDFA, divorce financial help, divorce planning, divorce financial tips, divorce advisor

This information is not intended to be a substitute for seeking legal advice from an attorney. For legal or tax advice please seek the services of a qualified attorney and/or qualified tax professional.

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DISCLOSURE

Kimberly Surber is a Certified Financial Planner®  and a Certified Divorce Financial Analyst®; however such registration does not imply a certain level of skill or training and no inference to the contrary should be made. Information presented is for informational purposes only, does not intend to make an offer or solicitation for the sale or purchase of any securities, and should not be considered investment advice.  Kimberly Surber has not taken into account the investment objectives, financial situation or particular needs of any individual investor. There is a risk of loss from an investment in securities, including the risk of loss of principal. Different types of investments involve varying degrees of risk, and there can be no assurance that any specific investment will be profitable or suitable for a particular investor's financial situation or risk tolerance. Asset allocation and portfolio diversification cannot assure or guarantee better performance and cannot eliminate the risk of investment losses. Be sure to first consult with a qualified financial advisor and/or tax professional before implementing any strategy discussed here. Past performance is not indicative of future results. Investments involve risk, including loss of principal and unless otherwise stated, are not guaranteed. Information provided reflects Kimberly Surber's views as of certain time periods, such views are subject to change at any point without notice. For a copy of our Privacy Policy, see below.

Kimberly Surber provides informational articles not intended to be used as the sole basis for financial decisions, nor should it be construed as advice designed to meet the particular needs of an individual's situation. Kimberly Surber is not responsible for the consequences of any decisions or actions taken as a result of information provided in these articles and does not warrant or guarantee the accuracy or completeness of the information requested or displayed. External Links are not affiliated with Kimberly Surber.

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