In this episode, we delve into the crucial world of divorce planning with a Certified Divorce Financial Analyst (CDFA). Whether you're contemplating a divorce or in the midst of one, this discussion provides invaluable insights and practical advice on the essential steps to take after a significant life change. Discover the role of CDFA professionals, explore different divorce methods, understand property division, and gain insights into handling market fluctuations during a divorce. Learn how changing market conditions can impact your financial future and the importance of building a support team with various professionals. With a focus on addressing common client concerns , this episode equips you with the knowledge you need to navigate the financial aspects of divorce and build a brighter future.
• The role and significance of Certified Divorce Financial Analysts (CDFA) in divorce planning.
• Statistics on the number of CDFA professionals in the US.
• Understanding different divorce methods, including litigation, mediation, collaborative divorce, and the do-it-yourself approach.
• The order of operations in divorce planning, covering property division, spousal and child support.
• Common client concerns during divorce, such as housing, expenses, and financial independence.
• Definitions of separate property and tracing in complex financial situations.
• How changing market conditions can affect divorcing clients' assets and property.
• The importance of building a support team of professionals during a divorce.
• Six quickfire questions clients often ask, addressing various financial aspects of divorce.
This episode equips listeners with valuable insights and practical advice for navigating the financial aspects of divorce and building a brighter financial future. We'd love to hear from you! If you have any questions or thoughts related to financial planning or any topics covered in this episode, reach out to us at vlpfa.com. Let's connect and create a path to a brighter financial future together.