Hiring a CDFA® Can Guide You Through the Divorce Process
Kathy Dicenso, CFP®
Who do people turn to for such assistance? When people think about getting a divorce, the first professional that comes to mind is an attorney. Typically a financial advisor – whether it is a Certified Public Accountant, Certified Financial Planner®, or a CDFA® – is not considered until later in the divorce process – or even until after the divorce is final.
- Who gets what property?
- How do we value our property?
- What tax issues must we be concerned with?
- How do we divide retirement funds and pensions?
- How will the lower-earning spouse survive financially?
- What additional financial support does that person need?
- Who gets the house?
- What happens if a paying ex-spouse dies?
How A CDFA Can Help A Divorcing Couple
The role of the CDFA® is to help both client and lawyer understand how the financial decisions made today will impact the client’s financial future, based on certain assumptions. A CDFA® is someone who comes from a financial planning, accounting or legal background and goes through an intensive training program to become skilled in analyzing and providing expertise related to divorce financial issues.
This article has also been published by these sources: www.generation4boomer.com – 2013
Kathy DiCenso is a financial consultant and president of DiCenso & Associates in Reno. Contact her at 775-336-0021 or at Kathy.email@example.com. her comany’s securities and advisory services offered through LPL Financial, a registered investment advisor. Member of FINRA/SIPC.
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