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Working with a certified divorce financial analyst

When a marriage ends, both spouses must take actions to secure their financial futures. No two Colorado residents will share the exact same set of financial goals during a divorce, which is why a customized approach is so important. One way to create an individually tailored divorce settlement is to add a certified divorce financial analyst, or CDFA, to one's divorce team.

A CDFA is a financial adviser who is trained to look after a client's financial needs during the course of a divorce. He or she will begin by making a comprehensive assessment of the family's financial holdings, as well as debts shared between the parties. Next, a CDFA will work with the client to determine the best path forward when it comes to finances, while working out a negotiation strategy that will support those goals.

A CDFA can advise clients on the tax ramifications of various property division options. This can help one to avoid an outcome in which a particular asset is sought, but the associated taxes make the overall value of that asset far less than what the spouse presumed. A CDFA can also advise on how to divide retirement accounts in a manner that preserves the highest degree of wealth for both spouses.

Many Colorado spouses want to limit the expense surrounding their divorces, and they balk at the idea of adding another bill to their bottom lines. However, the advice and guidance that a good CDFA can provide can help spouses reach a settlement that will help them move forward with a foundation of financial stability. With the help of an experienced divorce attorney and a CDFA, the long-term cost of a divorce may be much lower.

Source: marketwatch.com, "6 critical steps to prepare your finances for divorce", Shawn Leamon, July 15, 2016

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Attorney Brandon

Brandon Ceglian

Brandon Ceglian's practice focus is family law, landlord-tenant law / real estate, civil litigation, criminal / DUI, and collections. View Attorney Profile

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J. Adam Beckman

Adam Beckman’s areas of focus are family law, adoptions and prenuptial agreements, and criminal law/DUI. View Attorney Profile

Dominic

Domenic Nicotra

Domenic Nicotra’s practices primarily in the areas of Landlord-Tenant, Family Law, Criminal, Protection Orders, and Civil Litigation. View Attorney Profile

Daniel J. Zolnikov

Daniel J. Zolnikov

Daniel Zolnikov practices in the areas of HOA, debt collections, landlord tenant, civil litigation and construction law. View Attorney Profile