When filing for divorce, it’s easy to get bogged down with all of the details and feel the stress of how final decisions regarding assets will impact the rest of a person’s life. Unless you happen to have a background in finance, it can be difficult to navigate just how much has been accumulated throughout the duration of the marriage.
Luckily, there is a way to help divorcees figure out their finances while helping to save time and find hidden monies that might make for a better financial outcome following the divorce settlement. This solution comes in the form of a Certified Divorce Financial Analyst, or CDFA.
The Benefits of Hiring a Certified Divorce Analyst in California
So, why might hiring a CDFA be particularly helpful in a stressful situation like a divorce? They are able to provide financial advising and strategizing along with assisting in making sure that a spouse is protected and not taken advantage of financially, since they often work in tandem with the attorney. This can be especially beneficial for a female spouse, since they are often the ones who may enter into a marriage with less financial assets than a male spouse. A CDFA can provide guidance on things like spousal support, child support, retirement planning, and comb through all assets so that they can all be considered in a final divorce settlement.
Hiring a CDFA can also be helpful when it comes to budgeting for those who may have never worked outside the home before and advise them on how to come up with a financial plan that makes sense based on their needs after a settlement has been reached following a divorce.
Consult with a CA Attorney to Protect your Financial Interests During Divorce
California law can be quite confusing when it comes to financial outcomes in divorce, so if a person is in a situation where they feel they may be on the brink of financial hardship after the dissolution of a marriage, it might be worth considering hiring a CDFA in order to reach a potentially better final outcome.
If you are seeking legal assistance and have questions about division of financial assets following a divorce, the Law Offices of James P. White offers free consultations to help advise you on next steps to protect your financial interests.
Call us today at 925-271-0999 to speak with our legal experts about your family law issue in CA.