Mention divorce in any setting and you will find yourself exposed to an infinite variety of reactions from those around you. The idea of divorce arouses feelings ranging from fear to anger and everything in between, but one thing most people will agree on is that no one is financially better off after a divorce.
One way to prepare for this potential financial downturn after your divorce is to create an accurate personal lifestyle analysis before the divorce is final. This will enable you to examine your expenses, spending habits, and income so that as you consider potential settlement agreements you are able to make informed decisions concerning what you will need financially post-divorce.
A Certified Divorce Financial Analyst is uniquely qualified to help you take stock of your current situation and analyze the changes in income and expenses that are coming after your divorce is final. They can help you to see where you can decrease expenses as well as expose possible gaps in your budgeting plan.
CDFA’s can look at the assets you have assembled during the marriage and assist you in making decisions concerning property and debt settlements that will minimize your financial exposure.
The most important thing to remember is that you need to build a good team of professionals to help you through the difficulties of divorce. The right combination of CDFA, Mediator, Attorney, etc., can provide the backing and confidence you need to make settlement decisions that you will not regret.