HOW CFDS CAN HELP?
Chartered Financial Divorce Specialist™ (CFDS) is a financial specialist whose focus is on all aspects of financial issues that arise before, during and after a divorce. Financial counseling takes place during all stages of the divorce process: from the pre-filing period through the final divorce settlements.
A Chartered Financial Divorce Specialist™ works with clients to provide a wide range of functions, including but not limited to the following:
Your Divorce Dream Team:
Chartered Financial Divorce Specialist™ (CFDS) is a financial specialist whose focus is on all aspects of financial issues that arise before, during and after a divorce. Financial counseling takes place during all stages of the divorce process: from the pre-filing period through the final divorce settlements.
A Chartered Financial Divorce Specialist™ works with clients to provide a wide range of functions, including but not limited to the following:
- Best option for divorce procedures for your specific situation
- Provide lifestyle analysis, both present day and post-divorce: where does a couple’s money come from and how is it spent?
- Provide thorough evaluation of a couple’s assets, liabilities and future obligations.
- Prioritize a couple’s key financial issues.
- Provide clear financial settlement options that both parties understand.
- Provide training and instruction so the client understands personal finance in the post-divorce period.
- The correct value of a pension, which can be one of the most valuable assets acquired during a marriage.
- How to ensure spousal and/or child support is maintained in the event of the death or disability of the paying spouse.
- A correct calculation of income earned.
- Income tax and estate implications of separation of assets - are the right assets being transferred?
- If assets are being hidden or even exist at all.
- Equitable, not just equal, division of assets.
- Future financial security for the individuals involved.
- Do not give legal advice. Only provide projections and analysis based on client proposals.
Your Divorce Dream Team:
- Lawyer/Paralegal ( for independent legal advice and legal paperwork filing)
- Mediator
- Financial Divorce Specialist ( an expert in equitable division of the property, taxes, lifestyle analysis. CFDS makes sure you understand your financial wellbeing post-separation or divorce)
- Pension Evaluators ( If Defined-Benefit Pension is a part of the divorce, proper evaluation is a must).
- Business Evaluators ( if Business is a part of the divorce)
- Psychologists ( to help you and your children to deal with emotional ups and downs)