What is a CDFA or Certified Divorce Financial Analyst?

I have noticed as people begin the divorce process, they look for a financial planner or accountant or someone to help them understand the numbers part of the divorce process. Some people search online to see – what is a CDFA or certified divorce financial analyst?

When you are thinking about getting divorced, there are many people who can provide financial services to assist you and your attorney, a CDFA is one option. This person usually understands how divorce works in your area – whether you go through mediation or divorce court. This person can work with you or your spouse to help you understand basically how one household can become two, after the divorce. Many times there is one person who is in charge of the finances, while the other one may or may not really know much about the bills – or how to handle financial matters after the divorce.

That is where we come in. We take a look at your previous income and expenses. We do this by reviewing the bank statements, tax returns, credit card statements - retirement accounts – anything having to do with money or debt. We use our own spreadsheets or financial software to come up with different scenarios to help you both decide what is best for your family. We help everyone understand what the financial picture will look like in the future. Sometimes this person is called a financial neutral if the parties are involved in divorce mediation or collaborative divorce. If there is a business involved, a valuation expert can be hired to help the couple understand what the business is worth. If you would like more information on the family mediation process or collaborative divorce, give us a call or text your question to 314-541-8163 Or check out our website at www.StLouisDivorceMediation.com