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What could you expect from a CDFA in Nebraska?

On Behalf of | Aug 15, 2022 | Divorce |

A certified divorce financial analyst in Nebraska could assist you in making financial decisions. They need to have relevant experience and pass an exam to earn their certification.

Settlement negotiations

You could bring your CDFA with you during settlement negotiations to reach a fairer financial outcome. They are knowledgeable about the tax implications of various property division options. A CDFA could help you understand the short-term and long-term consequences of each possible route in dividing your property.

Plan for the future

Certified divorce financial analysts help their clients create a financial plan to set the client up for success after the divorce. A major problem among divorcing couples is decreased financial stability once they have divorced. Mistakes made during the divorce could put them in a difficult situation. Not knowing how to budget and set goals for increasing your income may also hold you back.

Qualifications

CDFAs need to have a bachelor’s degree and three years of relevant experience or five years of relevant experience to receive their certifications. IDFA also requires that eligible applicants pass an exam. Every two years, certified divorce financial analysts must prove that they have received 30 additional hours of divorce-related education to maintain their certifications. This is to help ensure that they stay up to date with changing laws and new strategies. CDFAs typically have knowledge of divorce law, accounting and financial planning. Although they learn about divorce law, it’s important to know that they aren’t lawyers, so you may still need to consult with a lawyer too.

Hiring a certified divorce financial analyst is something that you may want to consider when you’re going through a divorce. They have the qualifications to support you in conducting an in-depth financial analysis of your current situation and your estimated future situation living on your own after the divorce.