GRAND RAPIDS, Mich. (WOOD) The process of divorce is a difficult one, and there are many issues that factor in when you’re contemplating a divorce. A Certified Divorce Financial Analyst can help get you financially prepared ahead of time.
A Certified Divorce Financial Analyst is specifically trained in divorce financial matters. Not all assets are created equally. They have specific knowledge on how to value and divide property such as retirement and pension plans and how taxes can affect certain assets.
When it comes to restructuring the family budget for two households, they can help answer questions such as:
- “Can I afford to remain in the marital home?”
- “What is the budget for new essential and lifestyle expenses?”
- “Now that retirement plans may have been split, what does that mean for my goals such as retirement and how should those assets be positioned?”
A Certified Divorce Financial Analyst can also provide expert testimony. Many mediators and judges may not be knowledgeable with the financial matters, so the analyst can help them understand the implications of a specific financial settlement.
A Certified Divorce Financial Analyst is different from a divorce attorney. An attorney is knowledgeable of the different divorce processes, such as litigation, mediation, and collaborative. An attorney can help you prepare a new estate plan, financial plan, and change your beneficiaries.
Certified Divorce Financial Analyst
Lisa Cargill, ChFC, CLU, CRPC, CDFA
Ameriprise Financial Services, Inc.
480 Ada Drive SE
Estate Planning and Family Law
QuistHansen PLLC Attorneys at Law
29 Pearl St. Suite 421