Members on our specialized divorce team provide individuals facing the complexities of divorce with in-depth financial planning and analytic services.
If you're seeking or recently faced a divorce, there are distinct financial and tax considerations that need your attention. A Certified Divorce Financial Analyst (CDFA®) at Wealth Avenue can give you a comprehensive understanding of your financial landscape — before, during, and post-divorce — to avoid common financial and tax oversights during divorce proceedings.
A Certified Divorce Financial Analyst (CDFA®) is a professional uniquely qualified to guide you through the financial intricacies of divorce. Think of them as specialized financial advisors for divorce scenarios. They offer vital services like cash flow analysis for asset division, strategic tax planning, and distinguishing between community and separate property. To earn the CDFA® title, professionals must have at least three years of experience in financial planning or legal fields, a bachelor’s degree, and must successfully complete specialized coursework and a rigorous examination by the Institute for Divorce Financial Analysts (IDFA™).
Working alongside lawyers completing financial analysis to assist in:
This requires analyzing assets and financial items like:
A CDFA® plays a crucial role in ensuring that your divorce decisions are financially sound, both in the short- and long-term. They work alongside your attorney to bring clarity to the financial implications of your divorce agreement. Importantly, their support extends beyond the completion of legal proceedings, helping you effectively manage and optimize the financial assets you acquire post-divorce.