The hardest or worst part of my divorce is/was?:

Financial Specialist

Financial Specialist
What is the role of the Financial Specialist during divorce?
Every couple has unique financial circumstances which are a critical part of the divorce process. The Certified Financial Divorce Planner (CFDP*) or the Certified Divorce Financial Analyst (CDFA*) is there to specifically evaluate and manage your individual goals, needs and attitudes toward money.

In fact, the main goal of your entire Collaborative team is to help you arrive at a mutually agreeable financial settlement. As a member of this team, the financial specialist, hired by both of you and working together with your attorneys, acts as a neutral financial expert – helping to facilitate a divorce settlement that respects both of you.

Your financial professional can:
– Educate you about your financial past and future;
– Promote awareness of financial issues to be addressed;
– Prepare statements of marital assets and liabilities (or financial affidavit);
– Develop accurate budgets by making the best use of assets for both of you;
– Evaluate various support and asset division proposals;
– Minimize post-divorce taxes and post-decree issues;
– Serve as a financial advisor (in some cases) following dissolution of the marriage.

The financial professional analyzes the information to help realize an agreed-upon financial outcome based on your available resources. A CFDP/CDFA can help you face the future and structure your finances for what lies ahead.