Should You Hire a Certified Divorce Financial Analyst?

hand_ shakeWhen 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.