Seven Essential Reasons Why Attorneys Choose to Work with a Certified Divorce Financial Analyst™
7. Show Me the Money
A CDFA helps you gather, track and analyze all financial data, including every aspect of each type of retirement plan. A CDFA helps find hidden or "forgotten" marital assets.
6. What's Wrong with this Picture?
A CDFA works with you to craft a variety of financial scenarios, to demonstrate the short and long-term consequences of potential property divisions.
5. Supports Your Strategy
A CDFA educates your client by providing Financial Proposals illustrating potential property divisions that support your strategy, so that he/she can make informed decisions. Each spouse may be provided with his/her own personalized cash flow illustration, including information such as his/her expenses, earnings, social security, pensions, alimony, child support, and financial assets.
4. Safety in Numbers...Alimony
A CDFA helps your client prepare a detailed and realistic spending plan. A CDFA helps "solve" for alimony. Guess-work is eliminated with alimony calculations that demonstrate "her need" and "his ability to pay." Solutions reflect how much she needs and for how long.
3. Tax Analysis
A CDFA identifies and analyzes tax considerations and consequences: federal and state income taxes, capital gains taxes, taxable assets vs. non-taxable assets vs. tax-deferred assets, net spendable income calculations for self-employed spouses.
2. Saves You Time
A CDFA drafts the QDRO or DRO for your review and signature. Tasks include: distinguishing between qualified and non-qualified, Erisa and non-Erisa plans; contacting the Pension Plan Administrator and navigating rules, terms, and amendments of the Summary Plan Description; defining and determining the financial impact of various payout options; planning for the impact of the death of the participant or of the dependent spouse.
1. Provides Expert Testimony
A CDFA works with you to prepare trial exhibits and charts to substantiate your Equitable Distribution Proposal.
Joslyn contributes a bi-monthly column to the Business Section of Main
Line Life newspaper.
CONVERSATIONS explores a variety of issues which drive our financial choices.
Certified Financial Planner Board of Standards, Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™ and federally registered CFP (with flame logo,) which it awards to individuals who successfully complete initial and ongoing certification requirements.
Joslyn G. Ewart is a Financial Representative offering Advisory Services and Securities through Lincoln Investment Planning, Inc., Registered Investment Advisor, Broker Dealer, Member FINRA/SIPC. Entrust Financial, LLC and Lincoln Investment Planning, Inc. are independently owned and each is responsible for its own business.