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How a CDFA helps in the divorce process

On Behalf of | Oct 26, 2021 | Divorce |

Although the rates fluctuate, a significant percentage of marriages still end with a divorce. For Minnesota residents going through this difficult process, it’s crucial to keep your financial future in mind since your divorce may have a huge bearing on it.

That’s where certified divorce financial analysts come in. These are trained professionals who are certified to give you their expert opinion on important financial matters when you might need it the most.

Ensuring the security of your financial future

With the costly nature of some divorce proceedings, it’s often tempting to cut as many expenses as possible. However, applying the expertise of a CDFA may pay off in the long run. By considering your assets and other factors involved in the marital split, you can determine whether a certified divorce financial analyst is right for you.

A CDFA is specially trained to handle the financial elements of a divorce. These professionals work in tandem with divorce attorneys or mediators to create the best possible financial plan for both parties moving forward. CDFAs often come from previous work in divorce law, accounting, or financial planning.

CDFAs charge an hourly rate that is comparable to what you would pay for an attorney. Their rates will vary depending on where they’re located as well as how valuable your assets are. It’s always a good idea to talk to these kinds of family law experts about pricing before you begin working with them.

It’s important to note that you may want to have an attorney handle your divorce proceedings. With most of these types of family law cases, you have to go through the attorney in order to work with the CDFA.

Although it’s always difficult to go through the steps to make a divorce final, it’s made much easier with the help of the right professionals. Certified divorce financial analysts are there to ensure that the financial futures of both parties are secure. This is often a valuable type of expert guidance to receive during such a difficult time, when high-stakes financial factors hang in the balance.