Divorce Planning (CDFA)
I have always been a firm believer that each story has three sides. This becomes really clear when dealing with individuals in confrontation. The offended party will have their side, the offending party another and of course listening to both stories there is the neutral party story that sees fault on both sides.
Divorce is pretty much the same story only it usually has three distinctive components; the legal divorce, the financial divorce and the social divorce. Each of these components is charged with emotion and usually brings out the worst in all people.
The legal divorce is the part where the client’s lawyer or mediator gets involved. This is where both spouses argue about splitting the assets accumulated during marriage such as the matrimonial home, pensions, and investments and decide upon support issues whether that is for children or spousal support. The legal divorce is usually the area that creates the most contention in a divorce.
The problem with this situation is although lawyers know the law; they are not experts on the financial aspects.
CDFA Services
For Accountants:
- We help ensure a fair settlement agreeable to both parties
- We help save time and money for your client
- We can take a settlement offer and show the financial impact 5-10-20 years out
- We take work off the shoulders of accountants, lawyers, mediators and arbitrators
- We help the process and save time and money
We help you and your divorcing client address the special financial issues of divorce with data that can help achieve equitable settlements.
For Lawyers a CDFA (tm) is trained to:
- Produce powerful case exhibits in the form of spreadsheets and graphs
- Give you professional support to know you’ve covered all the financial “bases”
- Provide a rock solid personal financial analysis for your client
- Make sure your client understands the short-term and long-term financial impact of different settlement proposals
- We can help make the most difficult cases move forward and reach settlement
For Cases that go to Court:
A CDFA is trained to:
- Produce powerful case exhibits in the form of spreadsheets and graphs
- Give you professional support to know you’ve covered all the financial “bases”
- Provide a rock solid personal financial analysis for your client
- Make sure your client understands the short-term and long-term financial impact of different settlement proposals
- We can help make the most difficult cases move forward and reach settlement
This is the advantage of using a CDFA for divorcing clients.