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What does a CDFA do in Florida?

On Behalf of | Sep 15, 2022 | Divorce |

The divorce process can be a difficult and emotional time for couples, especially when it comes to finances. While it is often necessary to seek the help of a professional, it can be beneficial to have someone who is unbiased and objective to help you through the process. This is where a Certified Divorce Financial Analyst (CDFA) comes in.

Who is a CDFA?

A CDFA is a professional who has been trained to provide financial guidance to those going through a divorce. They are often able to help couples understand their financial situation and make informed decisions about their future.

CDFAs are not only trained in financial matters, but they also have a keen understanding of the divorce process. This means that they can offer valuable insight and guidance to couples who are struggling to come to an agreement.

In some cases, a CDFA may even be able to mediate between the two parties and help them reach a fair and equitable settlement.

What can you expect from a CDFA?

When you meet with a CDFA, they will first assess your financial situation. This may include looking at your assets, liabilities, income and expenses. They may then work with you to develop a plan that meets your needs and objectives.

The plan will likely include a budget, as well as recommendations for how to divide your assets. In some cases, the CDFA may also recommend that you seek professional help to make sure that your financial future is secure. Last but not least, the CDFA may help you to understand the tax implications of your divorce.

Remember, Divorce is hard enough without having to worry about money. A CDFA can help take the stress out of the situation and provide you with the tools you need to make informed decisions about your future. One of the most important things to remember is that a CDFA is not a lawyer. They cannot give legal advice or represent you in court. However, they can provide valuable guidance and support during the divorce process.