Nearly a million couples divorce each year in the U.S. and in the process, face some of the most important economic decisions of their lives. The potential for serious financial problems post-divorce calls for making good choices—just when painful emotions are running high and clear thinking may be a scarce commodity. Your attorney is handling the legal aspects of your divorce, but you may benefit greatly from the services of a financial professional trained to help you choose the best options for your future well-being—the Certified Divorce Financial Analyst®.
So, what is a CDFA® and why would you need one? A CDFA is specifically trained in the financial issues of divorce. His or her role is to provide financial education and support throughout the divorce process. The CDFA is a financial professional who has met the specific education and experience requirements of the Institute for Divorce Financial Analysts™. After passing their exams, CDFAs receive special software enabling them to produce graphs and charts for clients that show them the long-term results of various financial settlements proposed during the divorce.