Divorce Planning

Looking over charts during a meeting

 

Divorce Planning

As a Certified Divorce Financial Analyst, David Bonebrake has specialized skills and experience that enable him to analyze the long-term financial impact of divorce. 

CDFA professionals provide the client and attorney with data analysis that shows the financial effect of any given settlement. They become part of the divorce team and provide support on financial issues, such as:

  • Understanding the short-term and long-term effects of dividing property
  • Analyzing pensions and retirement plans
  • Determining if the client can afford the marital home, and if not, what he or she can afford
  • Recognizing the tax consequences of different settlement proposals

Much of a CDFA professional’s role is to collect the client’s financial data and perform analysis. CDFAs can help manage a client’s expectations of his or her financial future by presenting different scenarios and talking through the client’s budget and expenses. CDFAs are trained to:

  • Collect financial and expense data
  • Help clients identify their future financial goals
  • Develop a budget
  • Set retirement objectives
  • Determine how much risk clients are willing to take with their investments
  • Identify what kind of lifestyle clients want