Ways to work with a Certified Divorce Financial Analyst

The Certified Divorce Financial Analyst qualification and role were created to help people going through divorce make better financial decisions.  Many people going through divorce were having difficulty understanding the impact that their decisions were going to have on their future financial situation.
These financials decisions are made whether one is negotiating their own divorce, working with an attorney in a mediated settlement, or unable to agree and having to have the Court make their decisions for them.

There are a number of ways to work with a Certified Divorce Financial Analyst.

1.  Bringing Clarity to Chaos A key way to use a Certified Divorce Financial Analyst is to go alone or with your spouse to just get a clear picture of the financial situation and what the effect of a divorce will have on each of you.  We take all the financial information and look at possible divisions of the marital estate, as well as future spending plans and after-tax cash flow analysis for both parties.  The goal is to see what your financial situations would really look like after the divorce and to help you come up with an agreement, or proposal, that will work for you both given your goals.

2.  Supporting you and your attorney in settlement conference or Court. A Certified Financial Analyst can take all of the financial information in your situation and come up with options and scenarios to help everyone see what possible options are that will lead to a settlement.  I have attended settlement conferences and mediations and using the financial modeling software run proposals and different settlement options so that everyone could see the implications of these options.  This has normally led to a settlement which both parties are satisfied with.   When we have not been able to reach settlement, this work can be powerful evidence as testimony at trial to influence the Judge’s decision on asset distribution and maintenance.  This can be useful whether you are the main bread-winner or the lower-earning spouse.

3. As a Mediator. My practice is focused on working with both parties as a mediator, helping them through all the issues of their divorce, but primarily on the financial issues.  (If there are difficult parenting issues, then I team up with parenting specialist-mediators to help with those issues.)  Using financial modeling tools designed specifically for divorce I can help parties to really understand, in practical terms,  the financial issues in their situation so that they can together make better decisions that they both think are fair and equitable. Many times parties (and their attorneys) who have held a particular position on maintenance, for example, realize that the position is unrealistic given all the circumstances and modify their position and come to an agreement with the other party. The expertise that I bring to the mediation allows me to offer ideas and suggestions to the parties to help them see possibilities for settlement that they may not previously have been aware.