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Cost Savings of Working with a Certified Divorce Financial Analyst (CDFA)
There are many ways in which a Certified Divorce Financial Analyst (CDFA™) can save you money, time and stress when evaluating your family financials to aid in structuring your financial settlement, whether "pre-divorce" or at any time during your divorce process. The following summary will help you understand in greater detail how significant cost savings accrue to your family financial asset picture.
Pre-Divorce Planning Cost Savings
In-Process Cost Savings
Post - Divorce Cost Savings
The CDFA™ is not ethically allowed to also benefit financially from selling or promoting investments/investment management services to either party. A good CDFA™ will however, help you with finding the right professionals to assist you with managing and protecting your assets; planning for your financial future and providing; financial security.
There are 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.
Certain highly emotional discussions are circumvented, when you have all the facts at your fingertips. 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.
While divorce is not a pleasant situation to begin with, and often one in which we feel very little control, many have found that by using a CDFA™ and realizing significant cost savings, they gain comfort from knowing they made the most informed decisions possible and will skip the part about later regrets.
Generally, debts incurred during the marriage are community obligations. This includes credit card bills, even if the credit card is in one name only. Student loans are an important exception because they are considered separate property debts. Community property possessions and community property debts are divided equally unless both spouses agree to an unequal division in writing. If spouses can't agree on the division of debts and possessions, a judge makes that decision.
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