Certified Divorce Financial Analyst - Toronto ON
When people think about divorcing, they first think of hiring a lawyer. Typically getting financial advice comes once you have an agreement and are looking for help in investing money resulting from the divorce.
Traditional financial advisors, have had little or no training specifically related to the financial issues that surround divorce. This is why if you are contemplating divorce, you need to find someone who has the training and expertise around divorce specific financial issues. A divorce financial expert is a Certified Divorce Financial Analyst (CDFA) or a Chartered Financial Divorce Specialist(CFDS). They have a financial planning /accounting background and have training to analyze and provide expertise relating to the financial issues of divorce.
A divorce financial expert can help you at the beginning of your divorce, at the end, and everything in between. They can work in conjunction with your lawyer to solidify an even stronger team to support you. They are engaged to provide initial guidance on the divorce process, to assist you in pulling together your financial “facts”, and getting you organized for the process ahead.
The divorce financial expert’s role is to:
They use specialized software to calculate the long-term effect of child support, spousal support and property settlement scenarios along with post divorce budgets.
While divorce financial experts cannot give legal advice, they can certainly educate and empower you to make the right decisions for both you and your family, during a time that can be extremely emotional and exhausting. A divorce financial expert can give you the information, guidance and tools you need to make these decisions, especially if you have not been involved in your family’s financial situation until now. Involving a financial divorce expert in your divorce negotiations can help ensure that both spouses are fairly treated.
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