Divorce Assistance

We’ve all heard the divorce statistics such as one of every two first marriages ends in divorce.  Unlike other areas in financial planning (e.g. retirement, death, college education, etc.) divorce is generally not a planned occurrence.  At least it isn’t for those of us living outside of Hollywood.  Because of this, most individuals going through a divorce experience a steep learning curve in a short period of time.

Imagine a woman after 20 years of marriage trying who never looked at the joint investment account statement trying to make heads or tails of it.  Or think of the man who left all the bill paying and checkbook balancing to his wife now trying to figure out the cost of running a household.

There is a fairly new designation where individuals can become a Certified Divorce Financial Analyst.

A CDFA™ usually will have a financial planning or accounting background and is trained in the financial complexities that arise during divorce.  This individual is used to compliment, not replace an attorney.  That doesn’t mean you will get double-billed however.  Figuring out the present value of a future annuity as compared to a home value less present and future maintenance cost is something well-suited for a CDFA™.

A CDFA™ might work for one client or act as a “financial neutral” in a mediation case.  For more information on the role CDFA™ may play and the benefits they can provide you can go to www.institutedfa.com.  You will also find a directory of CDFA™ professionals in your area.


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